Frequency Electronics (STU:98K) Momentum Rank : 6 (As of May. 27, 2024)

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What is Frequency Electronics Momentum Rank?

Frequency Electronics has the Momentum Rank of 6.

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 Frequency Electronics's Momentum Rank

For the Communication Equipment subindustry, Frequency Electronics'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.

Frequency Electronics's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Frequency Electronics's Momentum Rank falls into.

Frequency Electronics Momentum Rank Related Terms

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Frequency Electronics (STU:98K) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Frequency Electronics Inc (STU:98K) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FEIM:USA

Address

55 Charles Lindbergh Boulevard, Mitchel Field, NY, USA, 11553

Website

https://www.frequencyelectronics.com

Frequency Electronics Inc is engaged in the design, development, and manufacture of high-precision timing, and frequency control products for space, air, sea, and terrestrial applications. The company has FEI-NY and FEI-Zyfer reportable segments. It derives the majority of its revenues from the FEI-NY segment. FEI-NY segment operations consist principally of precision time and frequency control products used in three principal markets namely communication satellites (both commercial and U.S. Government-funded); terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S. military.

Frequency Electronics (STU:98K) Headlines

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