Radiation Technology (ROCO:6514) Momentum Rank : 7 (As of May. 23, 2024)

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What is Radiation Technology Momentum Rank?

Radiation Technology 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 Radiation Technology's Momentum Rank

For the Communication Equipment subindustry, Radiation Technology'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.

Radiation Technology's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Radiation Technology's Momentum Rank falls into.

Radiation Technology Momentum Rank Related Terms

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Radiation Technology (ROCO:6514) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Radiation Technology Inc (ROCO:6514) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd floor, Number 1, Gongjian Road, Qidu District, Keelung, TWN, 206

Website

https://www.rt-inc.com

Radiation Technology Inc designs and manufactures antennas, cable assembly, and other communication products in Taiwan. It offers LTE/4G/BTS, IoT/Intelligent, Automotive, RFID/healthcare, GPS/transportation, and wireless communication antennas, as well as semi-rigid and flexible RF cable assembly products, RF connectors, wire harness, medical cables, computer cables, network cables, microwave devices, and others. It generates a vast majority of its revenues from the sales of antenna and component of communication equipment. The company has operations in Mainland China, Asia, America, Europe, and Oceania.

Radiation Technology (ROCO:6514) Headlines

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