Korea Aerospace Industries (XKRX:047810) Momentum Rank : 8 (As of May. 20, 2024)

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What is Korea Aerospace Industries Momentum Rank?

Korea Aerospace Industries 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.

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Competitive Comparison of Korea Aerospace Industries's Momentum Rank

For the Aerospace & Defense subindustry, Korea Aerospace Industries'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.

Korea Aerospace Industries's Momentum Rank Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Korea Aerospace Industries's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Korea Aerospace Industries's Momentum Rank falls into.

Korea Aerospace Industries Momentum Rank Related Terms

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Korea Aerospace Industries (XKRX:047810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Korea Aerospace Industries Ltd (XKRX:047810) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

802 Yucheon-Ri, Sanam-Myun, Sacheon-si, KOR, 664-942

Website

http://www.koreaaero.com

Korea Aerospace Industries Ltd is engaged in the manufacture and sale of aircraft in Korea. The company builds military aircraft for national defense and civil aircraft parts. Its products include Fixed wing aircrafts and Rotary wing aircraft. In addition, the company is involved in the maintenance, repair, and overhaul (MRO) services for aircrafts. The group distributes its products within Korean and to overseas markets. It is also involved in the Research and development of satellites.

Korea Aerospace Industries (XKRX:047810) Headlines

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