Sunplus Innovation Technology (ROCO:5236) Momentum Rank : 8 (As of Jun. 04, 2024)

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What is Sunplus Innovation Technology Momentum Rank?

Sunplus Innovation Technology 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 Sunplus Innovation Technology's Momentum Rank

For the Semiconductors subindustry, Sunplus Innovation Technology'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.

Sunplus Innovation Technology's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sunplus Innovation Technology's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sunplus Innovation Technology's Momentum Rank falls into.

Sunplus Innovation Technology Momentum Rank Related Terms

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Sunplus Innovation Technology (ROCO:5236) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sunplus Innovation Technology Inc (ROCO:5236) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Li-Hsin 1st Road, A2, 3rd Floor, Hsinchu Science Park, Taiwan, TWN, 300

Website

http://www.sunplusit.com

Sunplus Innovation Technology Inc is engaged in the business of developing, manufacturing, and marketing the Microcontrollers and System-on-Chips with embedded software solutions targeting Human Interface Devices, PC External HDD/ODD Drives, PC/NB Camera and Industry Control market segments. The product portfolio includes Web camera controllers, NB camera controllers, IOT camera controllers, and other products.

Sunplus Innovation Technology (ROCO:5236) Headlines

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