Absolute Software (Absolute Software) Momentum Rank : 0 (As of Apr. 26, 2024)

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What is Absolute Software Momentum Rank?

Absolute Software 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.

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Absolute Software (Absolute Software) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Absolute Software Corp (NAS:ABST) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 Dunsmuir Street, Suite 1400, Four Bentall Centre, P.O. Box 49211, Vancouver, BC, CAN, V7X 1K8

Website

https://www.absolute.com

Absolute Software Corp is engaged in the development, marketing, and provision of a cloud-based endpoint visibility and control platform that provides management and security of computing devices. Geographically, it derives a majority of revenue from the United States and also has a presence in Canada and the Rest of world. It serves Education; Healthcare; Government; Professional Services and Financial Services. The company principally derives its revenues from two sources: subscription and support revenues.

Executives

Edenbrook Capital, Llc	10 percent owner	116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549
Jonathan Brolin	10 percent owner	2 DEPOT PLAZA, 4TH FLOOR, BEDFORD HILLS NY 10507