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Tuya (HKSE:02391) Momentum Rank : 0 (As of Jun. 14, 2024)


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What is Tuya Momentum Rank?

Tuya 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.

Tuya Momentum Rank Related Terms

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Tuya (HKSE:02391) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Tuya Inc (HKSE:02391) » Definitions » Momentum Rank
Comparable Companies
ATEN PGY YEXT BASE ZUO GB STER CINT RDWR PSFE MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ
Traded in Other Exchanges
TUYA:USA 785:Germany
Address
Huace Center, 10th Floor, Building A, Xihu District, Zhejiang Province, Hangzhou, CHN, 310012
Website
https://www.tuya.com
Tuya Inc is an IoT cloud development platform with a mission to build an IoT developer ecosystem and enable everything to be smart. The Company has pioneered a purpose-built IoT cloud development platform that delivers a full suite of offerings, including platform-as-a-service (PaaS) and Software-as-a-service (SaaS), to businesses and developers. Through its IoT cloud development platform, It has enabled developers to activate a vibrant IoT ecosystem of brands, OEMs, partners, and end users to engage and communicate through a broad range of smart devices. The company's revenue is derived from the PRC.
Executives
The Bank Of New York Mellon Corporation 2201 Interest of corporation controlled by you
Chen Liaohan 2201 Interest of corporation controlled by you
Wang Xueji 2501 Other
Tenet Vision Limited 2101 Beneficial owner
Tmf (cayman) Ltd. 2301 Trustee
Tuya Group Inc. 2501 Other
Tenet Smart Limited 2201 Interest of corporation controlled by you
Tenet Group Limited 2101 Beneficial owner
Tenet Global Limited 2201 Interest of corporation controlled by you
Unileo Limited 2101 Beneficial owner
Nea 14 Gp, Ltd 2201 Interest of corporation controlled by you
Nea Partners 14, L.p. 2201 Interest of corporation controlled by you
New Enterprise Associates 14, L.p. 2101 Beneficial owner
Anywink Limited
Lin Yaona

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