Hwacheon Machinery Co (XKRX:010660) Momentum Rank : 4 (As of Jun. 06, 2024)

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What is Hwacheon Machinery Co Momentum Rank?

Hwacheon Machinery Co has the Momentum Rank of 4.

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 Hwacheon Machinery Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Hwacheon Machinery 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.

Hwacheon Machinery Co's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Hwacheon Machinery Co's Momentum Rank falls into.

Hwacheon Machinery Co Momentum Rank Related Terms

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Hwacheon Machinery Co (XKRX:010660) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hwacheon Machinery Co Ltd (XKRX:010660) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1022-7, Bangbae-dong, Seocho-Ku, Seoul, KOR

Website

http://www.hwacheon.co.kr

Hwacheon Machinery Co Ltd is a South Korea-based company engaged in the manufacturing and distribution of machine tools. Its products consist of machine centers, including vertical, horizontal and multi-tasking machine centers; computer numerical control (CNC) turning centers, including vertical, horizontal, twin-spindle and process-integrated turning centers; general and special purpose machines, including lathes, milling machines, grinding machines and drilling machines, and automobile parts, such as engine parts, cylinder blocks, cylinder heads and crankshafts.

Hwacheon Machinery Co (XKRX:010660) Headlines

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