GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » NeoMagic Corp (OTCPK:NMGC) » Definitions » Momentum Rank

NeoMagic (NeoMagic) Momentum Rank : 0 (As of Jun. 16, 2024)


View and export this data going back to 1997. Start your Free Trial

What is NeoMagic Momentum Rank?

NeoMagic 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.

NeoMagic Momentum Rank Related Terms

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

NeoMagic (NeoMagic) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » NeoMagic Corp (OTCPK:NMGC) » Definitions » Momentum Rank
Comparable Companies
ASX:KTE BOM:517166 PRKR MOSY PENC BOM:517035 XCNQ:MRM ROCO:6545 ROCO:3073 ROCO:5262 TSXV:QNC ROCO:3288 ROCO:3219 ROCO:5468 LEDS ROCO:3429 ROCO:6198 ROCO:5297 XKRX:158300 TPE:3383
Traded in Other Exchanges
N/A
Address
830 Hillview Court, Suite 138, Milpitas, CA, USA, 95035
Website
http://www.neomagic.com
NeoMagic Corp designs and delivers consumer electronic device solutions with semiconductors and software for video, television, imaging, graphics, and audio. The products are offered under the MiMagic name.
Executives
Marxe Austin W & Greenhouse David M 10 percent owner C/O SPECIAL SITUATIONS FUNDS, 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022
Steve Valenzuela director 1800 GREEN HILLS ROAD, SCOTTS VALLEY CA 95066
Brett Moyer director C/O FOCUS ENHANCEMENTS INC, 1370 DELL AVE, CAMPBELL CA 95008
Stephen Lanza officer: VP Operations & Finance, CFO 4650 CUSHING PARKWAY, FREMONT CA 94538