Quantum eMotion (TSXV:QNC) Momentum Rank : 6 (As of May. 20, 2024)

View and export this data going back to 2008. Start your Free Trial

What is Quantum eMotion Momentum Rank?

Quantum eMotion has the Momentum Rank of 6.

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 Quantum eMotion's Momentum Rank

For the Semiconductors subindustry, Quantum eMotion'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.

Quantum eMotion's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Quantum eMotion's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Quantum eMotion's Momentum Rank falls into.

Quantum eMotion Momentum Rank Related Terms

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

Quantum eMotion (TSXV:QNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Quantum eMotion Inc (TSXV:QNC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

QNCCF:USA

Address

2300 Alfred Nobel Boulevard, Suite 209, Montreal, QC, CAN, H4S 2A4

Website

https://www.quantumemotion.com

Quantum eMotion Inc is dedicated to developing of a new generation of quantum-safe encryption for the quantum computing age. It is a developer of a new generation of cryptographic solutions under the acquisition of licenses. It allows clients and partners to develop secure quantum-safe encryption that can protect anything from consumer and enterprise devices like mobile phones, computers, the Internet of Things, and networking equipment to demanding cloud-based applications, servers, and military devices.

Executives

Marc Rousseau

Director

Quantum eMotion (TSXV:QNC) Headlines

No Headlines