GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LightPath Technologies Inc (NAS:LPTH) » Definitions » Momentum Rank

LightPath Technologies (LightPath Technologies) Momentum Rank : 8 (As of May. 15, 2024)


View and export this data going back to 1996. Start your Free Trial

What is LightPath Technologies Momentum Rank?

LightPath Technologies 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 LightPath Technologies's Momentum Rank

For the Electronic Components subindustry, LightPath Technologies'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.


LightPath Technologies's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, LightPath Technologies's Momentum Rank distribution charts can be found below:

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



LightPath Technologies Momentum Rank Related Terms

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


LightPath Technologies (LightPath Technologies) Business Description

Traded in Other Exchanges
Address
2603 Challenger Tech Court, Suite 100, Orlando, FL, USA, 32826
LightPath Technologies Inc is a manufacturer, distributor, and integrator of proprietary optical components and assemblies. It is also engaged in the research and development for optical solutions for the traditional optics markets and communications markets. The company's business based on the following product groups: precision molded optics, specialty products, and infrared products. It currently serves the following major markets, distribution and catalog, laser, industrial, instrumentation, telecommunications, and defense.
Executives
Albert Miranda officer: Chief Financial Officer 1102 DUNCAN CR., UNIT 203, PALM BEACH GARDENS FL 33418
Shmuel Rubin director, officer: Chief Executive Officer 12619 OXON ROAD, HERNDON VA 20171-1707
Louis Leeburg director LIGHTPATH TECHNOLOGIES INC, 6820 ACEDEMY PKWY EAST NE, ALBUQUERQUE NM 87109
Darcie Peck director 2603 CHALLENGER TECH COURT, SUITE 100, ORLANDO FL 32826
Steven E Creviston director
Retreage Donald O'connor Jr officer: CFO 2603 CHALLENGER TECH CT., SUITE 100, ORLANDO FL 32826
Brueck Steven R J director 2603 CHALLENGER TECH CT., SUITE 100, ., ORLANDO FL 32826
Robert Ripp director 920 ORCHID POINT WAY, VERO BEACH FL 32963
Gaynor Joseph J Jr officer: VICE PRESIDENT
Joseph Menaker director 2603 CHALLENGER TECH CT., SUITE 100, ORLANDO FL 32826
Alan Symmons officer: VP Engineering 2603 CHALLENGER TECH CT, SUITE 100, ORLANDO FL 32826
Dorothy M Cipolla officer: CFO & Secretary 6848 STAPOINT CT, WINTER PARK FL 32792
Sohail A Khan director 1110 AMERICAN PARKWAY NE, ALLENTOWN PA 18109
Craig T Dunham director DYNASIL CORPORATION, 385 COOPER ROAD, WEST BERLIN NJ 08091
Xudong Zhu director, 10 percent owner 13 BUILDING, NO. 439, CHUNXIAO RD., ZHANGJIANG HIGH-TECH PARK, PUDONG, SHANGHAI F4 201203