Ansys (ANSS) Momentum Rank : 8 (As of Apr. 28, 2024)

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What is Ansys Momentum Rank?

Ansys has the Momentum Rank of 8.

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 Ansys's Momentum Rank

For the Software - Application subindustry, Ansys'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.

Ansys's Momentum Rank Distribution in the Software Industry

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

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

Ansys Momentum Rank Related Terms

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Ansys (ANSS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ANSS:Mexico AKX:Germany A1NS34:Brazil ANSS:Austria

Address

2600 ANSYS Drive, Canonsburg, PA, USA, 15317

Website

https://www.ansys.com

Ansys is an engineering software company that provides simulation capabilities for structural, fluids, semiconductor power, embedded software, optical, and electromagnetic properties. Ansys employs over 4,000 people and serves over 50,000 customers globally, including those in aerospace defense and automotive.

Executives

Glenda Dorchak	director	C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085
Ajei Gopal	director	CA, INC., ONE CA PLAZA, ISLANDIA NY 11749
Janet Lee	officer: VP, General Counsel	2600 ANSYS DRIVE, CANONSBURG PA 15317
Barbara Vaughn Scherer	director	337 ENCINAL ST, SANTA CRUZ CA 95060
Shane Emswiler	officer: VP and General Manager	225 WEST STATION SQUARE DRIVE, STE 200, PITTSBURGH PA 15219
Walter Hearn	officer: SVP, World Sales & Cust. Exc.	2600 ANSYS DRIVE, CANONSBURG PA 15317
Claire Bramley	director	HP, 1501 PAGE MILL ROAD, PALO ALTO CA 94304
Richard S. Mahoney	officer: VP, WORLDWIDE SALES & SUPPORT	2600 ANSYS DRIVE, CANONSBURG PA 15317
Maria T Shields	officer: CFO	2600 ANSYS DRIVE, CANONSBURG PA 15317
Anil Chakravarthy	director	C/O INFORMATICA CORPORATION, 2100 SEAPORT BOULEVARD, REDWOOD CITY CA 94063
Alec D. Gallimore	director	2600 ANSYS DRIVE, CANONSBURG PA 15317
Jim Frankola	director	C/O CLOUDERA INC, 1001 PAGE MILL ROAD, BLDG. 3, PALO ALTO CA 94089
Matthew C. Zack	officer: VP, Marketing/Corp Development	2600 ANSYS DRIVE, CANONSBURG PA 15317
Nicole Anasenes	director	2600 ANSYS DRIVE, CANONSBURG PA 15317
Robert Calderoni	director	851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309