Symtek Automation Asia Co (TPE:6438) Momentum Rank : 8 (As of May. 28, 2024)

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What is Symtek Automation Asia Co Momentum Rank?

Symtek Automation Asia Co has the Momentum Rank of 8.

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 Symtek Automation Asia Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Symtek Automation Asia 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.

Symtek Automation Asia Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Symtek Automation Asia Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Symtek Automation Asia Co's Momentum Rank falls into.

Symtek Automation Asia Co Momentum Rank Related Terms

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Symtek Automation Asia Co (TPE:6438) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Symtek Automation Asia Co Ltd (TPE:6438) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 421, Rongmin Road, Zhongli District, Taoyuan City, TWN, 320

Website

https://www.saa-symtek.com

Symtek Automation Asia Co Ltd is engaged in providing automation solutions, mainly in industrial automation planning, design, development, production installation, and after-sales service. The company's product portfolio includes printed circuit boards, flexible boards, photonics, semiconductor, and logistical products. The company has two operating segments; Symtek Taiwan segment which includes Symtek Automation Asia Co Ltd, and Symtek China segment which includes Symtek China, SAL and Symtek Jiangsu. The company derives a majority of its revenue from the Symtek Taiwan segment.

Symtek Automation Asia Co (TPE:6438) Headlines

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