Hewlett Packard Enterprise Co (WBO:HPE) Momentum Rank : 10 (As of Apr. 27, 2024)

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What is Hewlett Packard Enterprise Co Momentum Rank?

Hewlett Packard Enterprise Co has the Momentum Rank of 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.

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

Competitive Comparison of Hewlett Packard Enterprise Co's Momentum Rank

For the Communication Equipment subindustry, Hewlett Packard Enterprise Co'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.

Hewlett Packard Enterprise Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hewlett Packard Enterprise Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hewlett Packard Enterprise Co's Momentum Rank falls into.

Hewlett Packard Enterprise Co Momentum Rank Related Terms

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Hewlett Packard Enterprise Co (WBO:HPE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hewlett Packard Enterprise Co (WBO:HPE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HPE:USA HPE:Mexico 1HPE:Italy 2HP:Germany H1PE34:Brazil

Address

1701 East Mossy Oaks Road, Spring, TX, USA, 77389

Website

https://www.hpe.com

Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business. HPE's stated goal is to be a complete edge-to-cloud company, and its portfolio enables hybrid clouds and hyperconverged infrastructure. It uses a primarily outsourced manufacturing model and employs 60,000 people worldwide.