Natcore Technology (Natcore Technology) Momentum Rank : 0 (As of Jun. 21, 2024)

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What is Natcore Technology Momentum Rank?

Natcore 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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Natcore Technology (Natcore Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Natcore Technology Inc (OTCPK:NTCXF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

189 North Water Street, Suite 700, Rochester, NY, USA, 14604-1163

Website

http://www.natcoresolar.com

Natcore Technology Inc is a Canada based company. It is a research and development company providing solar cells with improved efficiency and reduced cost. It is focused on using its proprietary nanotechnology discoveries to enable a variety of applications including laser processing, tandem quantum-dot solar cells and its Natcore Foil Cell structure, the development of which eliminates the need to use high-cost silver in mass-manufactured silicon solar cells.

Natcore Technology (Natcore Technology) Headlines

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Natcore Planning Prototype Demonstration With Major Solar Cell Manufacturer

By PRNewswire PRNewswire • 03-27-2018

Natcore Develops Streamlined Process For Ultra-High-Efficiency, Silverless Solar Cell

By PRNewswire PRNewswire • 03-15-2018

Natcore Technology Signs MOU to Merge With Innovative Medical Technology Company

By PRNewswire PRNewswire • 11-05-2018