Creative Technology (FRA:CTL) Momentum Rank : 1 (As of May. 02, 2024)

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What is Creative Technology Momentum Rank?

Creative Technology has the Momentum Rank of 1.

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 Creative Technology's Momentum Rank

For the Computer Hardware subindustry, Creative Technology'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.

Creative Technology's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Creative Technology's Momentum Rank falls into.

Creative Technology Momentum Rank Related Terms

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Creative Technology (FRA:CTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Creative Technology Ltd (FRA:CTL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CREAF:USA C76:Singapore

Address

31 International Business Park, No. 03-01 Creative Labs Pte Ltd, Singapore, SGP, 609921

Website

http://www.creative.com

Creative Technology Ltd operates as a digital entertainment company. The business activity of the company includes designing, manufacturing, and distribution of digitized sound and video boards, computers and related multimedia, and personal digital entertainment products. It offers products such as Amplifiers, sound cards, sound blasters, gaming headsets, speakers, peripherals and other accessories. Geographically, the firm has its business presence across the region of Singapore, United States of America, Asia Pacific, and Europe of which Asia Pacific region accounts for the majority of revenue.

Creative Technology (FRA:CTL) Headlines

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