u-Blox Holding AG (STU:3BG) Momentum Rank : 2 (As of Apr. 30, 2024)

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What is u-Blox Holding AG Momentum Rank?

u-Blox Holding AG has the Momentum Rank of 2.

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 u-Blox Holding AG's Momentum Rank

For the Communication Equipment subindustry, u-Blox Holding AG'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.

u-Blox Holding AG's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, u-Blox Holding AG's Momentum Rank distribution charts can be found below:

* The bar in red indicates where u-Blox Holding AG's Momentum Rank falls into.

u-Blox Holding AG Momentum Rank Related Terms

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u-Blox Holding AG (STU:3BG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » u-Blox Holding AG (STU:3BG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

UBLXF:USA UBXNz:UK 0QNI:UK UBXN:Switzerland

Address

Zurcherstrasse 68, Thalwil, CHE, 8800

Website

https://www.u-blox.com

u-Blox Holding AG is a Swiss manufacturer of wireless semiconductors and modules for use in consumer, automotive, and industrial applications. The firm's business is organized into two segments--Positioning and Wireless products segment develop and distribute GPS/GNSS positioning receivers and wireless communication modules which are mainly used in automotive, industrial, and consumer applications, and Wireless Services, which offer wireless communication technology services for reference designs and software. Roughly half of the firm's revenue is generated in the Asia-Pacific region, with the rest coming from Europe, Middle East and Africa, and the Americas.

u-Blox Holding AG (STU:3BG) Headlines

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