Micro Imaging Technology (Micro Imaging Technology) Momentum Rank : 0 (As of Jun. 20, 2024)

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What is Micro Imaging Technology Momentum Rank?

Micro Imaging Technology 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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Micro Imaging Technology (Micro Imaging Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Micro Imaging Technology Inc (OTCPK:MMTC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

970 Calle Amanecer, Suite F, San Clemente, CA, USA, 92673

Website

http://www.micro-imaging.com

Micro Imaging Technology Inc (MIT) is an engaged in developing and manufacturing of laser-based microbial identification system. The device uses the principles of light scattering to discriminate various bacteria cells that are suspended in filtered water. Its MIT 1000 product features 35 photodetectors that surround the sample vial and collect light scattering intensities that are generated when a cell intersects the laser beam.

Executives

Anthony M Frank

other: 5% owner

Micro Imaging Technology (Micro Imaging Technology) Headlines

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