Splunk (FRA:S0U) Momentum Rank : 0 (As of May. 10, 2024)

View and export this data going back to 2012. Start your Free Trial

What is Splunk Momentum Rank?

Splunk has the Momentum Rank of 0.

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.

Splunk Momentum Rank Related Terms

Thank you for viewing the detailed overview of Splunk's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Splunk (FRA:S0U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Splunk Inc (FRA:S0U) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SPLK:USA S1PL34:Brazil

Address

270 Brannan Street, San Francisco, CA, USA, 94107

Website

https://www.splunk.com

Splunk is a cloud-first software company that focuses on analyzing machine data. The company is a major player in two markets: security, and full-stack monitoring and analysis. The San Francisco-based firm focuses on enterprise clients, with more than 90% of the Fortune 100 using its solutions. The firm's top line consists of the sale of software licenses, cloud subscriptions, and maintenance and support.

Splunk (FRA:S0U) Headlines

No Headlines