M31 Technology (ROCO:6643) Momentum Rank : 10 (As of May. 30, 2024)

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What is M31 Technology Momentum Rank?

M31 Technology has the Momentum Rank of 10.

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 M31 Technology's Momentum Rank

For the Semiconductors subindustry, M31 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.

M31 Technology's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, M31 Technology's Momentum Rank distribution charts can be found below:

* The bar in red indicates where M31 Technology's Momentum Rank falls into.

M31 Technology Momentum Rank Related Terms

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M31 Technology (ROCO:6643) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » M31 Technology Corp (ROCO:6643) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.8, Taiyuan 2nd Street, 9th Floor, Hsinchu County, Zhubei, TWN, 302

Website

https://www.m31tech.com

M31 Technology Corp is a professional silicon intellectual property (IP) provider. It focuses on providing high-speed interface IPs, memory compilers and standard cell library solutions. The company provides customers with differentiated IP solutions. These solutions help customers grasp market opportunities in short design cycles, low manufacturing costs, and high product competitiveness. The company operates in Taiwan, the United States and China.

M31 Technology (ROCO:6643) Headlines

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