Amazing Microelectronic (ROCO:6411) Momentum Rank : 5 (As of Jun. 04, 2024)

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What is Amazing Microelectronic Momentum Rank?

Amazing Microelectronic has the Momentum Rank of 5.

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 Amazing Microelectronic's Momentum Rank

For the Semiconductors subindustry, Amazing Microelectronic'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.

Amazing Microelectronic's Momentum Rank Distribution in the Semiconductors Industry

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

* The bar in red indicates where Amazing Microelectronic's Momentum Rank falls into.

Amazing Microelectronic Momentum Rank Related Terms

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Amazing Microelectronic (ROCO:6411) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Amazing Microelectronic Corp (ROCO:6411) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 736 Zhongzheng Road, 6th Floor, Zhonghe District, New Taipei, TWN, 6511

Website

https://www.amazingic.com

Amazing Microelectronic Corp is an ESD solution provider in Taiwan. It manufactures and provides EMI filter and interface component integrated with the ESD circuit. The company's product includes ESD ( TVS Array Component), EMI Filter, Analog Switch and Power Switch, Multi-ports HDMI Switch, Transceiver.

Amazing Microelectronic (ROCO:6411) Headlines

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