ACM Research (FRA:813) Momentum Rank : 3 (As of Apr. 30, 2024)

View and export this data going back to 2018. Start your Free Trial

What is ACM Research Momentum Rank?

ACM Research has the Momentum Rank of 3.

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 ACM Research's Momentum Rank

For the Semiconductor Equipment & Materials subindustry, ACM Research'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.

ACM Research's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, ACM Research's Momentum Rank distribution charts can be found below:

* The bar in red indicates where ACM Research's Momentum Rank falls into.

ACM Research Momentum Rank Related Terms

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

ACM Research (FRA:813) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ACM Research Inc (FRA:813) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ACMR:USA

Address

42307 Osgood Road, Suite I, Fremont, CA, USA, 94539

Website

https://www.acmrcsh.com

ACM Research Inc is an us-based company. It is engaged in developing, manufacturing, and selling single-wafer wet cleaning equipment, which is used by semiconductor manufacturers in numerous manufacturing steps to remove particles, contaminants, and other random defects to improve product yield, in fabricating integrated circuits, or chips. The company offers space alternated phase shift which employs alternating phases of megasonic waves to deliver megasonic energy to flat and patterned wafer surfaces on a microscopic level; and Timely Energized Bubble Oscillation technology which provides effective, damage-free cleaning for both conventional two and three-dimensional patterned wafers at process nodes.

ACM Research (FRA:813) Headlines

No Headlines