Elite Semiconductor Microelectronics Tech (TPE:3006) Momentum Rank : 3 (As of Mar. 04, 2025)

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What is Elite Semiconductor Microelectronics Tech Momentum Rank?

Elite Semiconductor Microelectronics Tech has the Momentum Rank of 3.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Elite Semiconductor Microelectronics Tech's Momentum Rank

For the Semiconductors subindustry, Elite Semiconductor Microelectronics Tech'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.

Elite Semiconductor Microelectronics Tech's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Elite Semiconductor Microelectronics Tech's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Elite Semiconductor Microelectronics Tech's Momentum Rank falls into.

Elite Semiconductor Microelectronics Tech Momentum Rank Related Terms

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Elite Semiconductor Microelectronics Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Elite Semiconductor Microelectronics Tech Inc (TPE:3006) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 23, Industry E. Road IV, Science-Base Park, Hsinchu, TWN, 30077

Website

https://www.esmt.com.tw

Elite Semiconductor Microelectronics Tech Inc is a Taiwan-based company engaged in the design of memory-integrated circuit boards. The company generates part of its revenue domestically, with the majority of revenue earned in the Asia region outside Taiwan. The company designs, manufactures, markets, and produces dynamic random-access memory, static random-access memory, and flash memory. Products are used in applications such as personal computer storage, portable electronic devices, communication devices, mobile phones, and servers.

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