Ethernity Networks (FRA:82N) Momentum Rank : 0 (As of Jun. 02, 2024)

View and export this data going back to 2021. Start your Free Trial

What is Ethernity Networks Momentum Rank?

Ethernity Networks 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.

Ethernity Networks Momentum Rank Related Terms

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

Ethernity Networks (FRA:82N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ethernity Networks Ltd (FRA:82N) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ENET:UK

Address

1 Golan Street, Corner HaNegev, Beit Golan, 3rd Floor, Airport City, ISR, 7019900

Website

https://www.ethernitynet.com

Ethernity Networks Ltd develops and markets technology solutions for Carrier Ethernet switching, including broadband access, mobile backhaul, and data centers. The company's only operating segment is the development and delivery of high-end network processing technology. Geographically, it derives a majority of its revenue from the United States and also has a presence in Asia, Europe, and Israel. Its product categories include SoCs, SmartNICs, and Network Appliances.

Ethernity Networks (FRA:82N) Headlines

No Headlines