Unimicron Technology (TPE:3037) Momentum Rank : 8 (As of May. 12, 2024)

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What is Unimicron Technology Momentum Rank?

Unimicron Technology has the Momentum Rank of 8.

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 Unimicron Technology's Momentum Rank

For the Electronic Components subindustry, Unimicron 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.

Unimicron Technology's Momentum Rank Distribution in the Hardware Industry

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

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

Unimicron Technology Momentum Rank Related Terms

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Unimicron Technology (TPE:3037) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Unimicron Technology Corp (TPE:3037) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 179, Shanying Road, Guishan District, Taoyuan, TWN

Website

https://www.unimicron.com

Unimicron Technology Corporation manufactures and distributes printed circuit boards and integrated circuit products. The company is based in Taiwan and earns its revenue in the Asia region, but also has operations in America and domestically within Taiwan. Unimicron manufactures printed circuit boards, multilayer chip scale packages, ball grid array, system in package, embedded passive products, super-thin substrate, and flip chip substrate, to be used in mobile devices, telecommunications applications, and laptop computers.

Unimicron Technology (TPE:3037) Headlines

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