Bin Chuan Enterprise Co (ROCO:1569) Momentum Rank : 7 (As of Jun. 09, 2024)

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What is Bin Chuan Enterprise Co Momentum Rank?

Bin Chuan Enterprise Co has the Momentum Rank of 7.

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 Bin Chuan Enterprise Co's Momentum Rank

For the Metal Fabrication subindustry, Bin Chuan Enterprise Co'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.

Bin Chuan Enterprise Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Bin Chuan Enterprise Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bin Chuan Enterprise Co's Momentum Rank falls into.

Bin Chuan Enterprise Co Momentum Rank Related Terms

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Bin Chuan Enterprise Co (ROCO:1569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bin Chuan Enterprise Co Ltd (ROCO:1569) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Xingye Road, Dafa Industrial Zone, Datun District, Kaohsiung, TWN, 83162

Website

http://www.hamagawa.com

Bin Chuan Enterprise Co Ltd provides precision sheet metal stamping services. It offers product design, tooling & process development, metal forming, metal finishing & components for notebook, MFP, switching power supply, monitors & others. It provides consumer electronics, including home theaters, surround sound, mold development and DVD components.

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