Edgio (EGIO) Momentum Rank : 2 (As of May. 12, 2024)

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What is Edgio Momentum Rank?

Edgio has the Momentum Rank of 2.

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 Edgio's Momentum Rank

For the Software - Infrastructure subindustry, Edgio'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.

Edgio's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Edgio's Momentum Rank distribution charts can be found below:

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

Edgio Momentum Rank Related Terms

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Edgio (EGIO) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

LNK:Germany

Address

11811 North Tatum Boulevard, Suite 3031, Phoenix, AZ, USA, 85028

Website

https://www.edg.io

Edgio Inc is an edge-enabled software solutions provider powering unmatched, secure digital experiences through a seamlessly integrated delivery, applications, and streaming platform. Its geographical segment includes the Americas, EMEA, and Asia Pacific of which it generates the majority of its revenue from the Americas region.

Executives

Eric Chang	officer: Chief Accounting Officer	AVIAT NETWORKS, 5200 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Stephen Cumming	officer: Chief Financial Officer	2325 ORCHARD PARKWAY, SAN JOSE CA 95131
Diegnan Richard P. Jr	officer: Chief Legal Officer	C/O INTERNAP CORPORATION, ONE RAVINIA DRIVE, SUITE 1300, ATLANTA GA 30346
Apollo Management Holdings, L.p.	10 percent owner	9 W. 57TH STREET, NEW YORK NY 10019
College Top Holdings, Inc.	10 percent owner	ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10577
College Parent Holdings Gp, Llc	10 percent owner	ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10577
College Parent L.p.	10 percent owner	ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10577
Ap Ix College Holdings, L.p.	10 percent owner	ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10577
E-fei Wang	director	1465 NORTH SCOTTSDALE ROAD, STE 500, SCOTTSDALE AZ 85257
Apollo Management Ix, L.p.	10 percent owner	ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10577
Reed B Rayman	director	6775 LENOX CENTER COURT, SUITE 400, MEMPHIS TN 38115
Dianne Ledingham	director	ONE ROGERS STREET, CAMBRIDGE MA 02142
Apollo Management Holdings Gp, Llc	10 percent owner	9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apollo Management, L.p.	10 percent owner	2 MANHATTANVILLE ROAD, SUITE 203, PURCHASE NY 10577
Apollo Management Gp, Llc	10 percent owner	TWO MANHATTANVILLE ROAD, SUITE 203, PURCHASE NY 10577