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Semitronix (SZSE:301095) Momentum Rank : 0 (As of May. 27, 2024)


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What is Semitronix Momentum Rank?

Semitronix 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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Semitronix (SZSE:301095) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Semitronix Corp (SZSE:301095) » Definitions » Momentum Rank
Comparable Companies
SHSE:688439 SZSE:300456 SHSE:600877 SHSE:688110 SHSE:688200 SHSE:688798 SHSE:688107 SZSE:300458 SHSE:688484 SHSE:688213 NVDA TPE:2330 AVGO AMD INTC TXN QCOM ADI MU XKRX:000660
Traded in Other Exchanges
N/A
Address
No. 3 Xidoumen Road, Block F1, 15th Floor, Building A, Paradise Software Park, Xihu District, Zhejiang Province, Hangzhou, CHN, 310012
Website
http://www.semitronix.com
Semitronix Corp is a supplier of integrated circuit EDA software and wafer-level electrical testing equipment. The company focuses on chip yield improvement and rapid monitoring technology for electrical testing.
Executives
Liu Jun Independent director

Semitronix (SZSE:301095) Headlines

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