VIA optronics AG (VIA optronics AG) Momentum Rank : 2 (As of May. 02, 2024)

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What is VIA optronics AG Momentum Rank?

VIA optronics AG has the Momentum Rank of 2.

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 VIA optronics AG's Momentum Rank

For the Electronic Components subindustry, VIA optronics AG'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.

VIA optronics AG's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, VIA optronics AG's Momentum Rank distribution charts can be found below:

* The bar in red indicates where VIA optronics AG's Momentum Rank falls into.

VIA optronics AG Momentum Rank Related Terms

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VIA optronics AG (VIA optronics AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » VIA optronics AG (OTCPK:VIAOY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sieboldstrasse 18, Nuremberg, BY, DEU, D-90411

Website

https://www.via-optronics.com

VIA optronics AG provides interactive display solutions and systems for the industrial, automotive and consumer electronics markets. The company develops, manufactures and sells customized and application-specific metal mesh touch sensors and electrode base film materials for use in touch modules or other touch products. The portfolio includes Interactive Display Systems, Display Solutions, and Camera Solutions and Systems.