Applied Digital (Applied Digital) Momentum Rank : 5 (As of May. 05, 2024)

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What is Applied Digital Momentum Rank?

Applied Digital has the Momentum Rank of 5.

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 Applied Digital's Momentum Rank

For the Capital Markets subindustry, Applied Digital'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.

Applied Digital's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Applied Digital's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Applied Digital's Momentum Rank falls into.

Applied Digital Momentum Rank Related Terms

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Applied Digital (Applied Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Applied Digital Corp (NAS:APLD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

3811 Turtle Creek Boulevard, Suite 2100, Dallas, TX, USA, 75219

Website

https://www.applieddigital.com

Applied Digital Corp designs, develops and operates next-generation datacenters across North America to provide digital infrastructure solutions to the rapidly growing high performance computing industry.

Executives

Virginia Moore	director	3811 TURTLE CREEK BOULEVARD, SUITE 2100, C/O APPLIED BLOCKCHAIN,INC., DALLAS TX 75219
Richard N Nottenburg	director	1303 EAST ALGONQUIN ROAD, SCHAUMBURG IL 60196
Michael Maniscalco	officer: Chief Technology Officer	3811 TURTLE CREEK BOULEVARD, SUITE 2100, DALLAS TX 75219
Wes Cummins	director, 10 percent owner, officer: CEO & Chairman	4505 LORRAINE AVE, DALLAS TX 75205
David Rench	officer: Chief Financial Officer	3811 TURTLE CREEK BOULEVARD, SUITE 2100, C/O APPLIED BLOCKCHAIN, INC., DALLAS TX 75219
Regina Ingel	officer: EVP - Operations	3811 TURTLE CREEK BOULEVARD, SUITE 2100, C/O APPLIED BLOCKCHAIN, INC., DALLAS TX 75219
Chuck Hastings	director	3811 TURTLE CREEK BOULEVARD, SUITE 2100, C/O APPLIED BLOCKCHAIN, INC., DALLAS TX 75219
Douglas S Miller	director	C/O TELENAV, INC., 4655 GREAT AMERICA PK, SUITE 300, SANTA CLARA CA 95054
Jason Zhang	director	3811 TURTLE CREEK BOULEVARD, SUITE 2100, C/O APPLIED BLOCKCHAIN, INC., DALLAS TX 75219
Kelli Mcdonald	director	3811 TURTLE CREEK BOULEVARD, SUITE 2100, C/O APPLIED BLOCKCHAIN, INC., DALLAS TX 75219
Richard S Rosenfeld	officer: CFO	105 STONEBRIDGE ROAD, MONTCLAIR NJ 07042
James A Schwartz	director	28 COTTRELL STREET, MYSTIC CT 06355
Riley Investment Partners Master Fund, L.p.	10 percent owner	11100 SANTA MONICA BOULEVARD, SUITE 810, LOS ANGELES CA 90025
Riley Investment Management Llc	10 percent owner	11100 SANTA MONICA BLVD., SUITE 810, LOS ANGELES CA 90025
Frank L Rees	director, officer: Executive Vice-President