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Samsung Electronics Co (WBO:SSUN) Momentum Rank : 0 (As of May. 14, 2024)


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What is Samsung Electronics Co Momentum Rank?

Samsung Electronics Co has the Momentum Rank of 0.

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.

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Samsung Electronics Co (WBO:SSUN) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Samsung Electronics Co Ltd (WBO:SSUN) » Definitions » Momentum Rank
Comparable Companies
XKRX:066570 XKRX:003550 XKRX:034220 XKRX:056080 XKRX:270660 XKRX:192440 XKRX:037070 XKRX:008700 XKRX:044340 XKRX:078890 AAPL TSE:6758 HKSE:01810 TSE:6752 SZSE:002241 SHSE:603296 BOM:540699 SHSE:600060 SZSE:300866 SHSE:688475
Traded in Other Exchanges
SMSNN:Mexico 005935:Korea 005930:Korea BC94:UK SMSNl:UK SMSN:UK SMSD:UK SSUN:Germany
Address
129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, KOR, 443-742
Website
https://www.samsung.com
Samsung Electronics is a diversified electronics conglomerate that manufactures and sells a wide range of products, including smartphones, semiconductor chips, printers, home appliances, medical equipment, and telecom network equipment. More than half of its profit is generated from semiconductor business, and a further 25% is generated from its mobile handset business, although these percentages vary with the fortunes of each of these businesses. It is the largest smartphone and television manufacturer in the world, which helps provide a base demand for its component businesses, such as memory chips and displays, and is also the largest manufacturer of these globally.

Samsung Electronics Co (WBO:SSUN) Headlines

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