Greatcell Solar (Greatcell Solar) Momentum Rank : 0 (As of May. 07, 2024)

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What is Greatcell Solar Momentum Rank?

Greatcell Solar has the Momentum Rank of 0.

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.

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Greatcell Solar (Greatcell Solar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Greatcell Solar Ltd (OTCPK:DYSOY) » Definitions » Momentum Rank

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Traded in Other Exchanges

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Address

11 Aurora Avenue, Queanbeyan, NSW, AUS, 2620

Website

http://www.greatcellsolar.com

Greatcell Solar Ltd develops and supplies dye solar cell materials, equipment and technology and supplies materials and components for DSC products. It offers a range of products and services including materials, consulting, research and development. The company operates its business through three segments. The Glass and Equipment segment develops the glass-based DSC market, to support current and generate future sales of Dyesol manufactured materials and equipment. The Metal Strip segment develops DSC on coil steel in collaboration with tata steel Europe. The R&D Materials segment which generates majority revenue undertakes core DSC material technology research and development of a generic nature which is applicable to a wide range of ultimate DSC device product forms.

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