GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zbit Semiconductor Inc (SHSE:688416) » Definitions » Momentum Rank

Zbit Semiconductor (SHSE:688416) Momentum Rank : 0 (As of Jun. 19, 2024)


View and export this data going back to 2022. Start your Free Trial

What is Zbit Semiconductor Momentum Rank?

Zbit Semiconductor 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.

Zbit Semiconductor Momentum Rank Related Terms

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

Zbit Semiconductor (SHSE:688416) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Zbit Semiconductor Inc (SHSE:688416) » Definitions » Momentum Rank
Comparable Companies
SHSE:688230 SHSE:688620 SZSE:002119 SHSE:688259 SZSE:002449 SZSE:002512 SZSE:300493 SHSE:688135 SHSE:688061 SZSE:000925 NVDA TPE:2330 AVGO AMD INTC TXN QCOM ADI MU XKRX:000660
Traded in Other Exchanges
N/A
Address
Northwest of the intersection of Tianshui Road and Taihe Road, Luyang University of Science and Technology Alumni Enterprise Innovation Park, Building 11, Luyang District, Anhui Province, Hefei, CHN, 230041
Website
http://www.zbitsemi.com
Zbit Semiconductor Inc is engaged in the research and development, design and sales of memory chips and MCU chips. The company's main products include NOR Flash memory chips and general-purpose 32-bit MCU chips based on Arm Cortex-M0+ core architecture.

Zbit Semiconductor (SHSE:688416) Headlines

No Headlines