GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Raydium Semi-Conductor Corp (TPE:3592) » Definitions » Momentum Rank

Raydium Semi-Conductor (TPE:3592) Momentum Rank : 0 (As of Jun. 10, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Raydium Semi-Conductor Momentum Rank?

Raydium Semi-Conductor 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.

Raydium Semi-Conductor Momentum Rank Related Terms

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

Raydium Semi-Conductor (TPE:3592) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Raydium Semi-Conductor Corp (TPE:3592) » Definitions » Momentum Rank
Comparable Companies
TPE:8112 TPE:3014 TPE:6278 ROCO:3260 TPE:8150 ROCO:6548 TPE:2329 ROCO:6643 ROCO:3680 ROCO:3707 NVDA TPE:2330 AVGO AMD INTC TXN QCOM ADI MU XKRX:000660
Traded in Other Exchanges
N/A
Address
No 23, Lihsin Road, 2nd Floor, Hsinchu Science Park, Hsinchu, TWN
Website
https://www.rad-ic.com
Raydium Semi-Conductor Corp is engaged in the development, design and sale of display driver, sequential control and power management integrated circuit products. It is an integrated circuit provider of thin film transistor-liquid crystal display, an active-matrix organic light-emitting diode (AMOLED), and low-temperature poly-silicon (LTPS) panels.

Raydium Semi-Conductor (TPE:3592) Headlines

No Headlines