Accenture (Accenture) Momentum Rank : 8 (As of Apr. 26, 2024)

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What is Accenture Momentum Rank?

Accenture 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 Accenture's Momentum Rank

For the Information Technology Services subindustry, Accenture'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.

Accenture's Momentum Rank Distribution in the Software Industry

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

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

Accenture Momentum Rank Related Terms

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

Accenture (Accenture) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Accenture PLC (NYSE:ACN) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ACN:Mexico CSA:Germany CSA:Germany CSA:Germany ACNB34:Brazil

Address

1 Grand Canal Square, Grand Canal Harbour, Dublin, IRL, 2

Website

https://www.accenture.com

Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation to procurement services to software system integration. The company provides its IT offerings to a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture employs just under 500,000 people throughout 200 cities in 51 countries.

Executives

Julie Spellman Sweet	officer: General Counsel, Sec & CCO	C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601
Manish Sharma	officer: Chief Operating Officer	161 NORTH CLARK, CHICAGO IL 60601
Jean-marc Ollagnier	officer: Group Chief Exec-Resources	C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601
Jaime Ardila	director	300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Paula A Price	director	ONE CVS DRIVE, WOONSOCKET RI 02895
Joel Unruch	officer: General Counsel, Sec & CCO	C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601
John F Walsh	officer: Grp Chief Exec-Com, Med & Tech	C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601
Ellyn Shook	officer: Chief Human Resources Officer	C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601
Leonardo Framil	officer: CEO-Growth Markets	500 W. MADISON STREET, CHICAGO IL 60661
Melissa A Burgum	officer: Chief Accounting Officer	C/O SRA INTERNATIONAL, INC., 4300 FAIR LAKES COURT, FAIRFAX VA 22033
Alan C. Jope	director	500 W. MADISON STREET, CHICAGO IL 60661
James O Etheredge	officer: Group Chief Exec-North America	C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601
Gianfranco Casati	officer: Group Chief Executive?Products	C/O ACCENTURE, 161 N. CLARK STREET, CHCIAGO IL 60601
Kathleen R Mcclure	officer: Chief Financial Officer	C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601
Richard P Clark	officer: Chief Accounting Officer	C/O ACCENTURE, 161 N. CLARK STREET, CHICAGO IL 60601