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Nano Magic has the Momentum Rank of 7.
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.
For the Specialty Chemicals subindustry, Nano Magic'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.
For the Chemicals industry and Basic Materials sector, Nano Magic's Momentum Rank distribution charts can be found below:
* The bar in red indicates where Nano Magic's Momentum Rank falls into.
Thank you for viewing the detailed overview of Nano Magic's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.
Scott E. Rickert | director, 10 percent owner, officer: CEO, President & Chairman | 431 FAIRWAY DR, SUITE 200, DEERFIELD BEACH FL 33441 |
Jeanne M Rickert | director, officer: Chief Legal Officer | 431 FAIRWAY DR, SUITE 200, DEERFIELD BEACH FL 33441 |
Ronald J Berman | director | 701 BRICKELL AVENUE, SUITE 1550, MIAMI FL 33131 |
Raymond William Gunn | director | 56420 NEWPORT DRIVE, SHELBY TOWNSHIP MI 48316 |
David M Sherbin | director | 4181 AO SOUTHMOOR LANE, WEST BLOOMFIELD MI 48323 |
Miles Geoffrey Gatland | director | 1110 ISLAND DRIVE, COMMERCE TOWNSHIP MI 48382 |
Lara O'connor Hodgson | director | 8 HABERSHAM PARK, ATLANTA GA 30305 |
Magic Growth 2 Llc | 10 percent owner | 31601 RESEARCH PARK DRIVE, MADISON HEIGHTS MI 48071 |
Magic Growth Llc | 10 percent owner | 750 DENISON COURT, BLOOMFIELD HILLS MI 48302 |
Tom J. Berman | director, officer: President | 750 DENISON COURT, BLOOMFIELD HILLS MI 48302 |
John Todd Lunsford | director | 4971 CHERRY BLOSSOM CIRCLE, WEST BLOOMFIELD MI 48324 |
Leandro Vera | officer: CFO | 11271 N ROCKING R RD., HAYDEN ID 83835 |
Jacqueline M Soptick | officer: Chief Accounting Officer | 3006 LONGHORN BLVD, STE 107, AUSTIN TX 78732 |
Pen Comeback 2, Llc | 10 percent owner | 750 DENISON COURT, BLOOMFIELD HILLS MI 48302 |
Pen Comeback, Llc | 10 percent owner | 750 DENISON COURT, BLOOMFIELD HILLS MI 48302 |
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