Technoprobe SpA (CHIX:TPROM) Momentum Rank : 0 (As of Apr. 30, 2025)

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What is Technoprobe SpA Momentum Rank?

Technoprobe SpA has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Technoprobe SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Technoprobe SpA (CHIX:TPROm) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TPRO:Italy 0AB7:UK K8B:Germany

Address

Cavalieri di Vittorio Veneto No. 2, Cernusco Lombardone, ITA, 23870

Website

https://www.technoprobe.com

Technoprobe SpA operates in the production of electronic circuits and mechanical interfaces for electrical contacting of hybrid circuits and semiconductor devices, and it specializes in the design, development, and production of probe cards used to test the operation of chips. The company operates in Asia, America, Europe, and Italy and derives a majority of its revenue from Asia.

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