Nortech Systems (Nortech Systems) Momentum Rank : 3 (As of Apr. 27, 2024)

View and export this data going back to 1993. Start your Free Trial

What is Nortech Systems Momentum Rank?

Nortech Systems 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 Nortech Systems's Momentum Rank

For the Medical Devices subindustry, Nortech Systems'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.

Nortech Systems's Momentum Rank Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Nortech Systems's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nortech Systems's Momentum Rank falls into.

Nortech Systems Momentum Rank Related Terms

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

Nortech Systems (Nortech Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nortech Systems Inc (NAS:NSYS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

7550 Meridian Circle N, Suite 150, Maple Grove, MN, USA, 55369

Website

https://www.nortechsys.com

Nortech Systems Inc is a United States-based electronic manufacturing services company. It offers value-added engineering, technical and manufacturing services and support including project management, design, testing, prototyping, manufacturing, supply chain management, and post-market services. The company's manufacturing and engineering services include complete medical devices, printed circuit board assemblies, wire and cable assemblies, and complex higher-level electro-mechanical assemblies. It operates in the Medical, Aerospace, Defense and Industrial markets with key revenue coming from Medical device and product manufacturing and related engineering services.

Executives

Amy S. Fredregill	director	7550 MERIDIAN CIRCLE N., SUITE # 150, MAPLE GROVE MN 55369
Jose Antonio Peris	director	7550 MERIDIAN CIRCLE N., SUITE # 150, MAPLE GROVE MN 55369
David B Kunin	director	7201 METRO BOULEVARD, MINNEAPOLIS MN 55439
David J. Graff	director	7550 MERIDIAN CIRCLE N., SUITE 150, MAPLE GROVE MN 55369
Daniel Ramon Everingham	10 percent owner	617 COUNTRY VIEW LANE, GARLAND TX 75043
Jay D Miller	director	7550 MERIDIAN CIR N, SUITE 150, MAPLE GROVE MN 55369
Christopher Dean Jones	officer: CFO	7550 MERIDIAN CIRCLE N., SUITE 150, MAPLE GROVE MN 55369
Stacy A Kruse	director	7401 BOONE AVENUE NORTH, BROOKLYN PARK MN 55428
Philip Irving Smith	director	4503 BROWNDALE AVENUE, EDINA MN 55424
Dan Sachs	director	7550 MERIDIAN CIRCLE N., MAPLE GROVE MN 55369
Steven J Rosenstone	director	7550 MERIDIAN CIR N, SUITE 150, MAPLE GROVE MN 55369
Heidi B Grange	officer: Senior Vice President of HR	7550 MERIDIAN CIRCLE N, MAPLE GROVE MN 55369
John Lindeen	officer: Sr VP - Global Operations	7550 MERIDIAN CIRCLE N, SUITE 150, MAPLE GROVE MN 55369
Beck Constance	officer: Chief Financial Officer	NORTECH SYSTEMS INCORPORATED, 7550 MERDIAN CIRCLE N, MAPLE GROVE MN 55369
Matt Mahmood	officer: Chief Operating Officer	7550 MERIDIAN CIRCLE N, SUITE 150, MAPLE GROVE MN 55369