Dongbang Ship Machinery Co (XKRX:099410) Momentum Rank : 9 (As of May. 21, 2024)

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What is Dongbang Ship Machinery Co Momentum Rank?

Dongbang Ship Machinery Co has the Momentum Rank of 9.

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 Dongbang Ship Machinery Co's Momentum Rank

For the Aerospace & Defense subindustry, Dongbang Ship 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.

Dongbang Ship Machinery Co's Momentum Rank Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Dongbang Ship Machinery Co's Momentum Rank distribution charts can be found below:

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

Dongbang Ship Machinery Co Momentum Rank Related Terms

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Dongbang Ship Machinery Co (XKRX:099410) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Dongbang Ship Machinery Co Ltd (XKRX:099410) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

414-2 Jukgok-Dong, Jinhae, Kyungnam, KOR

Website

http://www.dongbangsm.co.kr

Dongbang Ship Machinery Co Ltd is a Korea based company operating in the shipbuilding industry. It manufactures various parts for ships and also provides repair services. The company operates in the business areas of Plumbing, Painting and Major customers. In Plumbing business, the company offers steel pipe spool, module unit, heating coil, and other parts.

Dongbang Ship Machinery Co (XKRX:099410) Headlines

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