GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Quantum Corp (LTS:0A7S) » Definitions » Momentum Rank

Quantum (LTS:0A7S) Momentum Rank : 6 (As of Apr. 14, 2025)


View and export this data going back to 2021. Start your Free Trial

What is Quantum Momentum Rank?

Quantum has the Momentum Rank of 6.

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.

Competitive Comparison of Quantum's Momentum Rank

For the Computer Hardware subindustry, Quantum'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.

Quantum's Momentum Rank Distribution in the Hardware Industry

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

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


;
;

Quantum Momentum Rank Related Terms

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

Quantum Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Quantum Corp (LTS:0A7S) » Definitions » Momentum Rank
Comparable Companies
YIBO MKFG ALOT OSS TBIIF TACT KTCC VLDX EBON BTCT ANET DELL SHSE:688041 SZSE:002415 TSE:7751 TPE:2382 HPQ SMCI NTAP STX
Traded in Other Exchanges
QMCO:USA QNT:Germany QNT:Germany
Address
224 Airport Parkway, Suite 550, San Jose, CA, USA, 95110
Website
https://www.quantum.com
Quantum Corp is a United States-based company that delivers end-to-end data management solutions designed for unstructured data. The company provides solutions for the entire data lifecycle. The company specialize in solutions for video, images, audio, and other large files. The company's portfolio of products includes primary storage software and systems, secondary storage software and systems, as well as devices and media. The company's Primary Storage Software and Systems include Myriad All-Flash Software-Defined Storage, StorNext Hybrid Flash/Disk File Storage Software, and Unified Surveillance Platform Software. Secondary Storage Software and Systems include ActiveScale Object Storage Software and DXi Backup Appliances. The firm derives the majority of its revenue from United States.

Quantum Headlines

No Headlines