GURUFOCUS.COM » STOCK LIST » Technology » Software » iLearningEngines Inc (NAS:AILE) » Definitions » Momentum Rank

iLearningEngines (iLearningEngines) Momentum Rank : 0 (As of Jun. 10, 2024)


View and export this data going back to 2024. Start your Free Trial

What is iLearningEngines Momentum Rank?

iLearningEngines 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.

iLearningEngines Momentum Rank Related Terms

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

iLearningEngines (iLearningEngines) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » iLearningEngines Inc (NAS:AILE) » Definitions » Momentum Rank
Comparable Companies
Traded in Other Exchanges
N/A
Address
6701 Democracy Boulevard, Suite 300, Bethesda, MD, USA, 20817
Website
https://www.ilearningengines.com
iLearningEngines Inc is an AI and automation platform that empowers its customers to productize their institutional knowledge by transforming it into actionable intellectual property that enhances outcomes for employees, customers and other stakeholders. Its platform enables enterprises to build intelligent Knowledge Clouds that incorporate large volumes of structured and unstructured information across disparate internal and external systems and to automate organizational processes that leverage these Knowledge Clouds to improve performance. The company combines its offerings with vertically focused capabilities and data models to operationalize AI and automation to effectively and efficiently address critical challenges facing its customers.