Fingerprint Cards AB (OSTO:FING B) Momentum Rank : 1 (As of May. 26, 2024)

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What is Fingerprint Cards AB Momentum Rank?

Fingerprint Cards AB 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 Fingerprint Cards AB's Momentum Rank

For the Scientific & Technical Instruments subindustry, Fingerprint Cards AB'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.

Fingerprint Cards AB's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Fingerprint Cards AB's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Fingerprint Cards AB's Momentum Rank falls into.

Fingerprint Cards AB Momentum Rank Related Terms

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Fingerprint Cards AB (OSTO:FING B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fingerprint Cards AB (OSTO:FING B) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FGRRF:USA 0RGY:UK FPQ1:Germany

Address

P.O. Box 2412, Gothenburg, SWE, SE-403 16

Website

https://www.fingerprints.com

Fingerprint Cards AB is a Sweden-based company that is principally engaged in offering a broad range of biometric solutions. The company's products include fingerprint touch sensors, fingerprint swipe sensors, fingerprint area sensors, biometric modules, development kits, solutions, and others. The company targets the smartphone/tablet market and vertical markets where it can integrate its products; smartcards, the automotive industry, and the Internet of Things are prioritized markets. The company has a patent portfolio with global protection. The company markets and sells its products worldwide.

Fingerprint Cards AB (OSTO:FING B) Headlines

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