Asia Tech Image (ROCO:4974) Momentum Rank : 7 (As of Jun. 02, 2024)

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What is Asia Tech Image Momentum Rank?

Asia Tech Image 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 Asia Tech Image's Momentum Rank

For the Electronic Components subindustry, Asia Tech Image'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.

Asia Tech Image's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Asia Tech Image's Momentum Rank falls into.

Asia Tech Image Momentum Rank Related Terms

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Asia Tech Image (ROCO:4974) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Asia Tech Image Inc (ROCO:4974) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongzheng Road, 2nd Floor, No. 880, Zhonghe District, Taipei, TWN

Website

http://www.atii.com.tw

Asia Tech Image Inc is engaged in manufacturing and selling contact image sensor modules the scope of product application is mainly for multi-functional business machines. its product includes CIS modules applied to Inkjet multi-functional printers (MFP), Laser MFP, Scanners, Plain paper copiers, and digital photo frames. It operates in three principal geographical areas including Taiwan, China, and Burma.

Asia Tech Image (ROCO:4974) Headlines

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