Hana Microelectronics PCL (BKK:HANA) Momentum Rank : 4 (As of Jun. 09, 2024)

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What is Hana Microelectronics PCL Momentum Rank?

Hana Microelectronics PCL has the Momentum Rank of 4.

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 Hana Microelectronics PCL's Momentum Rank

For the Electronic Components subindustry, Hana Microelectronics PCL'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.

Hana Microelectronics PCL's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Hana Microelectronics PCL's Momentum Rank falls into.

Hana Microelectronics PCL Momentum Rank Related Terms

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Hana Microelectronics PCL (BKK:HANA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hana Microelectronics PCL (BKK:HANA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NVAX:Germany

Address

65/98, Soi Vibhavadi-Rangsit 64, Junction 2, Kwang Talad Bangkhen, Khet Laksi, Bangkok, THA, 10210

Website

http://www.hanagroup.com

Hana Microelectronics PCL operates its business in Thailand and is principally engaged in the manufacture and trading of electronic components. The company has two reportable segments the Printed Circuit Board Assembly segment, which produces and sells Printed Circuit Board Assembly and the Integrated Circuit segment, which produces and sells Integrated Circuit.

Hana Microelectronics PCL (BKK:HANA) Headlines

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