Sigma Additive Solutions (Sigma Additive Solutions) Momentum Rank : 2 (As of Jun. 23, 2024)

View and export this data going back to 2017. Start your Free Trial

What is Sigma Additive Solutions Momentum Rank?

Sigma Additive Solutions has the Momentum Rank of 2.

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.

Competitive Comparison of Sigma Additive Solutions's Momentum Rank

For the Travel Services subindustry, Sigma Additive Solutions'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.

Sigma Additive Solutions's Momentum Rank Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Sigma Additive Solutions's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sigma Additive Solutions's Momentum Rank falls into.

Sigma Additive Solutions Momentum Rank Related Terms

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

Sigma Additive Solutions (Sigma Additive Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sigma Additive Solutions (NAS:SGLBW) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NTRP:USA

Address

3900 Paseo del Sol, Santa Fe, NM, USA, 87507

Website

https://www.sigmaadditive.com

Sigma Additive Solutions Inc is a leading provider of in-process quality assurance (IPQA) software to the additive manufacturing industry. Sigma specializes in the development and commercialization of real-time monitoring and analytics solutions known as PrintRite3D for 3D metal and polymer advanced manufacturing technologies. Its principal business activities include the development of its In-Process Quality Assurance (IPQA) suite of technologies and the commercialization of both its IPQA and materials-related suite of technologies, with its focus on three-dimensional printing (3DP) industry.