Inventec (TPE:2356) Momentum Rank : 3 (As of May. 14, 2024)

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What is Inventec Momentum Rank?

Inventec has the Momentum Rank of 3.

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 Inventec's Momentum Rank

For the Computer Hardware subindustry, Inventec'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.

Inventec's Momentum Rank Distribution in the Hardware Industry

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

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

Inventec Momentum Rank Related Terms

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Inventec (TPE:2356) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 66, Hougang Street, Shinlin District, Taipei, TWN, 111059

Website

https://www.inventec.com

Inventec Corp is a Taiwan-based original design manufacturer of electronic products for use in consumer, commercial, and industrial applications. The company has two reportable segments: the core department and other departments. The company generates maximum revenue from the Core department segment, which manufactures and sells computer products. The other department segment develops and manufactures emerging environmental energy. Its products include notebook PCs, tablet PCs, desktop computers, computer peripherals, personal digital products, multimedia audio products, servers, switches, and data storage equipment. Its geographical segments are Taiwan; United States; Japan; Hong Kong, Macao, and Mainland China; and Other Countries.

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