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Tatatu SPA (XPAR:ALTTU) Momentum Rank : 0 (As of Jun. 11, 2024)


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What is Tatatu SPA Momentum Rank?

Tatatu SPA 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.

Tatatu SPA Momentum Rank Related Terms

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Tatatu SPA (XPAR:ALTTU) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Tatatu SPA (XPAR:ALTTU) » Definitions » Momentum Rank
Comparable Companies
XPAR:LSS XPAR:ESI XPAR:ALESK XPAR:AXW XPAR:SWP XPAR:LIN XPAR:ALBFR XPAR:ALVIV XPAR:CLA XPAR:ALTTI CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
N/A
Address
Via Barberini 29, Rome, ITA, 00187
Website
https://www.tatatu.com
Tatatu SPA is the social media and entertainment application. It rewards users for the value they generate by spending time on the platform. Users receive TTU Coins for viewing content and social media interactions. Users can post photos and videos and earn even more TTU Coins when someone likes, comments, views, or shares a post or when users invite a friend. Rewards can be redeemed by bidding at auctions for the chance to win exclusive products and experiences through affiliated merchants.

Tatatu SPA (XPAR:ALTTU) Headlines

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