Zebra Technologies (BSP:Z1BR34) Momentum Rank : 2 (As of Apr. 29, 2024)

View and export this data going back to 2020. Start your Free Trial

What is Zebra Technologies Momentum Rank?

Zebra Technologies has the Momentum Rank of 2.

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 Zebra Technologies's Momentum Rank

For the Communication Equipment subindustry, Zebra Technologies'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.

Zebra Technologies's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Zebra Technologies's Momentum Rank falls into.

Zebra Technologies Momentum Rank Related Terms

Thank you for viewing the detailed overview of Zebra Technologies's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Zebra Technologies (BSP:Z1BR34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zebra Technologies Corp (BSP:Z1BR34) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ZBRA:USA ZBRA:Mexico ZT1A:Germany

Address

3 Overlook Point, Lincolnshire, IL, USA, 60069

Website

https://www.zebra.com

Zebra Technologies is a leading provider of automatic identification and data capture technology to enterprises. Its solutions include barcode printers and scanners, mobile computers, and workflow optimization software. The firm primarily serves the retail, transportation logistics, manufacturing, and healthcare markets, designing custom solutions to improve efficiency at its customers.

Zebra Technologies (BSP:Z1BR34) Headlines

No Headlines