Hyundai Glovis Co (XKRX:086280) Momentum Rank : 8 (As of May. 01, 2024)

View and export this data going back to 2005. Start your Free Trial

What is Hyundai Glovis Co Momentum Rank?

Hyundai Glovis Co 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Hyundai Glovis Co's Momentum Rank

For the Integrated Freight & Logistics subindustry, Hyundai Glovis 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.

Hyundai Glovis Co's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Hyundai Glovis Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hyundai Glovis Co's Momentum Rank falls into.

Hyundai Glovis Co Momentum Rank Related Terms

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

Hyundai Glovis Co (XKRX:086280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hyundai Glovis Co Ltd (XKRX:086280) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

301, Teheran-ro, Gangnam-gu, Seoul, KOR

Website

http://www.glovis.net

Hyundai Glovis Co Ltd is engaged in the comprehensive logistics business. The company offers vehicle transportation services, storage services, inbound and outbound logistics, domestic logistics services, general cargo, military logistics, and consulting services. It offers services to industries including steel, machinery, heavy industries, chemical, energy, and construction. The company provides systematic information on tracking, detention, estimated time of arrival through inbound and outbound logistics system.

Hyundai Glovis Co (XKRX:086280) Headlines

No Headlines