Browave (ROCO:3163) Momentum Rank : 10 (As of Jun. 13, 2024)

View and export this data going back to 2011. Start your Free Trial

What is Browave Momentum Rank?

Browave 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 Browave's Momentum Rank

For the Communication Equipment subindustry, Browave'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.

Browave's Momentum Rank Distribution in the Hardware Industry

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

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

Browave Momentum Rank Related Terms

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

Browave (ROCO:3163) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Browave Corp (ROCO:3163) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

3F, No.30, Industrial East Road, IX, Hsin Chu Science Park, Hsin Chu, TWN, 30075

Website

https://www.browave.com

Browave Corp operates in the optical fibre communication industry with original equipment manufacturing and original design manufacturing development, production, and sales. The company is also involved in design electromechanical active and passive components, modules and subsystems, production and marketing services. Its product portfolio comprises WDM modules, splitter modules, amplifier components, splitter components, optical connectors and optical parts.

Browave (ROCO:3163) Headlines

No Headlines