Palantir Technologies (WBO:PLTR) Momentum Rank : 1 (As of Dec. 12, 2024)

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What is Palantir Technologies Momentum Rank?

Palantir Technologies has the Momentum Rank of 1.

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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Palantir Technologies's Momentum Rank

For the Software - Infrastructure subindustry, Palantir Technologies's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Palantir Technologies's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Palantir Technologies's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Palantir Technologies's Momentum Rank falls into.

Palantir Technologies Momentum Rank Related Terms

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Palantir Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Palantir Technologies Inc (WBO:PLTR) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PLTR:USA PLTR:Peru 1PLTR:Italy 1PLTRm:UK 0A7R:UK PTX:Germany P2LT34:Brazil PTX:Bulgaria

Address

1200 17th Street, Floor 15, Denver, CO, USA, 80202

Website

https://www.palantir.com

Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.