GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fixed.zone AS (XPRA:FIXED) » Definitions » Momentum Rank

Fixed.zone AS (XPRA:FIXED) Momentum Rank : 0 (As of Jun. 20, 2024)


View and export this data going back to 2021. Start your Free Trial

What is Fixed.zone AS Momentum Rank?

Fixed.zone AS 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.

Fixed.zone AS Momentum Rank Related Terms

Thank you for viewing the detailed overview of Fixed.zone AS's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Fixed.zone AS (XPRA:FIXED) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fixed.zone AS (XPRA:FIXED) » Definitions » Momentum Rank
Comparable Companies
XPRA:MMCTE XPRA:EMAN XPRA:FILL XPRA:PRAB XPRA:HWIO XPRA:KARIN XPRA:E4U.PR AAPL XKRX:005930 TSE:6758 HKSE:01810 TSE:6752 XKRX:066570 XKRX:003550 SZSE:002241 SHSE:603296 SZSE:300866 SHSE:600060 TSE:6753 BOM:540699
Traded in Other Exchanges
N/A
Address
Kubatova 1240/6, Ceske Budejovice 3, Ceske Budejovice, CZE, 370 04
Website
https://www.fixed.zone
Fixed.zone AS engages in the development, production, and sale of accessories for mobile phones, tablets, wearables, and smart accessories. Its products comprise Leather mini wallet with smart tag Sense; MagSafe stand with wireless charging; charging adapter with 2 x USB-C connectors; Touch pen for tablet, among others.

Fixed.zone AS (XPRA:FIXED) Headlines

No Headlines