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ZAP (ZAAP) Momentum Rank : 0 (As of May. 25, 2024)


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What is ZAP Momentum Rank?

ZAP 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.

ZAP Momentum Rank Related Terms

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ZAP (ZAAP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ZAP Inc (GREY:ZAAP) » Definitions » Momentum Rank
Comparable Companies
XKRX:238500 HKSE:00422 MIL:EMC FUV ROCO:8937 ASX:VMT ASX:ATL FRA:H9Y XKRX:000040 HKSE:00476 ASX:FWD MCFT SHSE:603787 MPX SHSE:603129 HKSE:01585 MBUU SHSE:603766 CWH MIL:PIA
Traded in Other Exchanges
N/A
Address
2 West 3rd Street, Santa Rosa, CA, USA, 95401
Website
http://www.zapworld.com
ZAP Inc designs, develops, manufactures and sells fully electric and advanced technology vehicles. Business activity of the group is operated through Jonway Auto and ZAP (Consumer Product) segments. The Jonway Auto segment represents sales of the gas-fueled Jonway A380 three and five-door sports utility vehicles, EV minivan and EV SUVs and spare parts principally through distributors in China. The ZAP Consumer Product segment represents rechargeable portable energy products, Zapino scooter, and ZAPPY3 personal transporters. The firm derives most of the revenue from the Jonway Auto segment.

ZAP (ZAAP) Headlines

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