HPQ Silicon (STU:O08) Momentum Rank : 8 (As of Jun. 15, 2024)

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What is HPQ Silicon Momentum Rank?

HPQ Silicon has the Momentum Rank of 8.

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 HPQ Silicon's Momentum Rank

For the Other Industrial Metals & Mining subindustry, HPQ Silicon'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.

HPQ Silicon's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, HPQ Silicon's Momentum Rank distribution charts can be found below:

* The bar in red indicates where HPQ Silicon's Momentum Rank falls into.

HPQ Silicon Momentum Rank Related Terms

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HPQ Silicon (STU:O08) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » HPQ Silicon Inc (STU:O08) » Definitions » Momentum Rank

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HPQFF:USA HPQ:Canada

Address

3000 Omer-Lavallee Street, Suite 306, Montreal, QC, CAN, H1Y 3R8

Website

https://www.hpqsilicon.com

HPQ Silicon Inc is an innovative silicon solutions company that offers silica and silicon-based solutions, and is developing a unique portfolio of high-value-added silicon products sought after by battery and electric vehicle manufacturers.

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