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CAP-XX (LSE:CPX) Momentum Rank : 0 (As of May. 28, 2024)


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What is CAP-XX Momentum Rank?

CAP-XX 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.

CAP-XX Momentum Rank Related Terms

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CAP-XX (LSE:CPX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CAP-XX Ltd (LSE:CPX) » Definitions » Momentum Rank
Comparable Companies
LSE:ZYT LSE:LST APH TPE:2317 TEL TSE:6981 SZSE:002475 GLW TPE:2308 SZSE:000725 XKRX:006400 TSE:6762 JBL FLEX SZSE:300433 SZSE:002179 HKSE:00285 SZSE:002938 TPE:3008 TPE:3037
Traded in Other Exchanges
N/A
Address
13A Stanton Road, Unit 1, Seven Hills, Sydney, NSW, AUS, 2147
Website
https://www.cap-xx.com
CAP-XX Ltd develops, manufactures, and markets supercapacitors for use in commercial and industrial electronics, consumer handheld devices and clean energy applications and provides Wireless, Consumer, and Commercial applications. Its products are divided into Cells and Modules, Series and Packages categories. The company mainly operates in Asia Pacific, Europe, and North America geographic segments and derives most of its revenue from the Asia Pacific segment.

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