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Presto Automation has the Momentum Rank of 0.
Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.
For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.
Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.
For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.
A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.
Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.
Thank you for viewing the detailed overview of Presto Automation's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.
Stanley Mbugua | officer: Chief Accounting Officer | SKILLZ INC, PO BOX 455, SAN FRAN CA 94104 |
William Robert Healey | officer: Chief Technology Officer | 810 HAMILTON STREET, REDWOOD CITY CA 94063 |
Keith E Kravcik | director | 11840 VALLEY VIEW ROAD, EDEN PRAIRIE MN 55344 |
Dan Mosher | officer: Chief Revenue Officer | 810 HAMILTON STREET, REDWOOD CITY CA 94063 |
Justin Foster | officer: Chief Revenue Officer | PRESTO AUTOMATION INC., 985 INDUSTRIAL ROAD, SAN CARLOS CA 94070 |
Cleveland Avenue Food & Beverage Fund Ii, Lp | 10 percent owner | 222 N. CANAL STREET, CHICAGO IL 60606 |
Nathan Cook | officer: Interim CFO | PRESTO AUTOMATION INC., 985 INDUSTRIAL ROAD, SAN CARLOS CA 94070 |
Xavier Casanova | officer: CHIEF OPERATING OFFICER | PRESTO AUTOMATION INC., 985 INDUSTRIAL ROAD, SAN CARLOS CA 94070 |
Rajat Suri | 10 percent owner | 525 MIDDLEFIELD ROAD, SUITE 250, MENLO PARK CA 94025 |
Scott David Raskin | director | QUOTIENT TECHNOLOGY INC., 1260 EAST STRINGHAM AVENUE, SUITE 600, SALT LAKE CITY UT 84106 |
Kim A Lopdrup | director | 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837 |
Edward Scheetz | director, 10 percent owner, officer: Chairman, CEO | C/O CAHILL GORDON & REINDEL, 80 PINE ST, NEW YORK NY 10005 |
Jonas Grossman | director, 10 percent owner | 17 STREET, SUITE 1600, NEW YORK NY 10004 |
Ashish Ram Gupta | officer: Chief Financial Officer | 810 HAMILTON STREET, REDWOOD CITY CA 94063 |
Romulus Elc B3 Special Opportunity, L.p. | 10 percent owner | 307 HARVARD STREET, CAMBRIDGE MA 02139 |
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