Chenming Electronic Technology (TPE:3013) Momentum Rank : 6 (As of Jun. 02, 2024)

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What is Chenming Electronic Technology Momentum Rank?

Chenming Electronic Technology has the Momentum Rank of 6.

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 Chenming Electronic Technology's Momentum Rank

For the Computer Hardware subindustry, Chenming Electronic 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.

Chenming Electronic Technology's Momentum Rank Distribution in the Hardware Industry

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

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

Chenming Electronic Technology Momentum Rank Related Terms

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Chenming Electronic Technology (TPE:3013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chenming Electronic Technology Corp (TPE:3013) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 27, Section 6, Mincyuan East Road, Neihu District, 2-6 Floor, Taipei, TWN, 114

Website

https://www.uneec.com

Chenming Electronic Technology Corp is a OEM/ODM manufacturer. The business activities of the Group are production of mechanical parts, computer cases, manufacturing and development of mobile devices. Geographically it operates through Taiwan. The group has only one operating segment, which produces computer and mobile device components.

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