Coupa Software (LTS:0I4B) Momentum Rank : 10 (As of May. 17, 2024)

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What is Coupa Software Momentum Rank?

Coupa Software 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 Coupa Software's Momentum Rank

For the Software - Application subindustry, Coupa Software'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.

Coupa Software's Momentum Rank Distribution in the Software Industry

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

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

Coupa Software Momentum Rank Related Terms

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Coupa Software (LTS:0I4B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Coupa Software Inc (LTS:0I4B) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1855 S. Grant Street, San Mateo, CA, USA, 94402

Website

https://www.coupa.com

Coupa Software is a cloud-based provider of business spending management solutions. Its BSM platform provides visibility into all spending, allowing companies to gain control over their spending, optimize their supplier network and supply chains, and manage liquidity. The platform's transactional core consists of procurement, invoicing, expense management, and payment solutions, while supporting modules ranging from strategic sourcing solutions to supply chain design and planning solutions round out the comprehensive spending management ecosystem.

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