ImmunoPrecise Antibodies (ImmunoPrecise Antibodies) Momentum Rank : 1 (As of May. 09, 2024)

View and export this data going back to 2011. Start your Free Trial

What is ImmunoPrecise Antibodies Momentum Rank?

ImmunoPrecise Antibodies has the Momentum Rank of 1.

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 ImmunoPrecise Antibodies's Momentum Rank

For the Biotechnology subindustry, ImmunoPrecise Antibodies'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.

ImmunoPrecise Antibodies's Momentum Rank Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, ImmunoPrecise Antibodies's Momentum Rank distribution charts can be found below:

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

ImmunoPrecise Antibodies Momentum Rank Related Terms

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

ImmunoPrecise Antibodies (ImmunoPrecise Antibodies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » ImmunoPrecise Antibodies Ltd (NAS:IPA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TQB:Germany

Address

3204 - 4464 Markham Street, Victoria, BC, CAN, V8Z 7X8

Website

https://www.immunoprecise.com

ImmunoPrecise Antibodies Ltd is a supplier of custom antibodies to the research industry and industrial community. The company has aggregated its operations into one reportable segment, Antibody Production, and Related Services. It operates in three principal geographical areas - the United States of America, Canada, Europe, and others. The majority of its revenue is derived from Europe.