GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » EMCORE Corp (NAS:EMKR) » Definitions » Momentum Rank

EMCORE (EMCORE) Momentum Rank : 2 (As of Apr. 27, 2024)


View and export this data going back to 1997. Start your Free Trial

What is EMCORE Momentum Rank?

EMCORE 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 EMCORE's Momentum Rank

For the Semiconductors subindustry, EMCORE'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.


EMCORE's Momentum Rank Distribution in the Semiconductors Industry

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

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



EMCORE Momentum Rank Related Terms

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


EMCORE (EMCORE) Business Description

Traded in Other Exchanges
Address
2015 W. Chestnut Street, Alhambra, CA, USA, 91803
EMCORE Corp is a provider of sensors and navigation systems for the aerospace and defense market. The company operates in one reporting segment, Inertial Navigation, whose product technology categories include: (a) FOG, (b) QMEMS, (c) RLG, in each case which serve the aerospace and defense market. The company operates geographically in United States and Canada, which is the key revenue generator; Asia; Europe; and Other.
Executives
Awm Investment Company, Inc. 10 percent owner 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Rex S Jackson director C/O SYMYX TECHNOLOGIES, INC., 3100 CENTRAL EXPRESSWAY, SANTA CLARA CA 95051
Jeffrey Rittichier officer: Chief Executive Officer 2015 CHESTNUT ST, ALHAMBRA CA 91803
Stephen L Domenik director C/O SEVIN ROSEN FUNDS, 13455 NOEL RD #1670, DALLAS TX 75240
Noel Heiks director C/O EMCORE CORPORATION, 2015 CHESTNUT ST., ALHAMBRA CA 91803
Thomas P. Minichiello officer: Chief Financial Officer 750 N. COMMONS DRIVE, AURORA IL 60504
Bruce Grooms director C/O EMCORE CORPORATION, 2015 CHESTNUT ST., ALHAMBRA CA 91803
Mark A Gordon officer: Intrm Princ Fin and Acc Offcr 2015 CHESTNUT STREET, ALHAMBRA CA 91803
Iain Black officer: SVP, Operations 2015 CHESTNUT STREET, ALHAMBRA CA 91803
David Gregory Wojciechowski officer: Vice President, Sales 2015 CHESTNUT STREET, ALHAMBRA CA 91803
Jikun Kim officer: Chief Financial Officer 181 W. HUNTINGTON DRIVE, SUITE 202, MONROVIA CA 91016
Albert Lu officer: Sr. V.P. of Engineering 2015 CHESTNUT STREET, ALHAMBRA CA 91803
Coringrato Edward J Jr. director 301 1ST STREET, SW, SUITE 200, ROANOKE VA 24011
Mark Weinswig officer: Chief Financial Officer EMCORE CORP, 10420 RESEARCH ROAD, SE, ALBUQUERQUE NM 87123
Steven R Becker director, other: See Remarks 5525 NAKOMA DRIVE, DALLAS TX 75209