Qualcomm (BUE:QCOM) Momentum Rank : 0 (As of May. 17, 2024)

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What is Qualcomm Momentum Rank?

Qualcomm has the Momentum Rank of 0.

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.

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Qualcomm (BUE:QCOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Qualcomm Inc (BUE:QCOM) » Definitions » Momentum Rank

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Traded in Other Exchanges

QCOM:USA QCOM:Peru QCOM:Mexico 1QCOM:Italy QCId:UK 0QZ3:UK QCI:Germany QCI:Germany QCI:Germany QCI:Germany QCOM:Chile QCOM34:Brazil QCOM:Austria

Address

5775 Morehouse Drive, San Diego, CA, USA, 92121-1714

Website

https://www.qualcomm.com

Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.