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Symmetry Technologies (Symmetry Technologies) Momentum Rank : 0 (As of Jun. 23, 2024)


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What is Symmetry Technologies Momentum Rank?

Symmetry Technologies 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.

Symmetry Technologies Momentum Rank Related Terms

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Symmetry Technologies (Symmetry Technologies) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Symmetry Technologies Inc (OTCPK:SMMR) » Definitions » Momentum Rank
Comparable Companies
XSGO:HIPERMARC WAR:ORG TSXV:OG IFMK TSE:7515 TSE:7544 TSE:3094 TSE:2747 TSE:4380 HKSE:01210 XKRX:250000 HKSE:00974 TSE:7643 TSE:3096 HKSE:03686 XSWX:VILN IST:BIZIM TSE:2735 TSE:9846 TSE:9977
Traded in Other Exchanges
N/A
Address
One Financial Plaza, Suite 1000, Fort Lauderdale, FL, USA, 33394
Website
https://www.uc.life/
Symmetry Technologies Inc through its subsidiary acquires, markets and sells gummies to retailers.

Symmetry Technologies (Symmetry Technologies) Headlines

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