Ace Bed Co (XKRX:003800) Momentum Rank : 2 (As of May. 16, 2024)

View and export this data going back to 1996. Start your Free Trial

What is Ace Bed Co Momentum Rank?

Ace Bed Co has the Momentum Rank of 2.

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 Ace Bed Co's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, Ace Bed 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.

Ace Bed Co's Momentum Rank Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ace Bed Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ace Bed Co's Momentum Rank falls into.

Ace Bed Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Ace Bed Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Ace Bed Co (XKRX:003800) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Ace Bed Co Ltd (XKRX:003800) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

310-1, Sanggok-ri, Samseong-myeon, Eumseong-gun, Chungcheongbuk-do, KOR, 462-120

Website

http://www.acebed.com

Ace Bed Co Ltd is engaged in manufacturing and selling beds, mattresses, sleep care systems and accessories, and bedroom furniture sets in South Korea and internationally. Its bedroom furniture sets include nightstands, mirrors, bureaus, and make-up tables, and other products.

Ace Bed Co (XKRX:003800) Headlines

No Headlines