NEXCOM International Co (ROCO:8234) Momentum Rank : 8 (As of May. 27, 2024)

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What is NEXCOM International Co Momentum Rank?

NEXCOM International 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 NEXCOM International Co's Momentum Rank

For the Computer Hardware subindustry, NEXCOM International 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.

NEXCOM International Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, NEXCOM International Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where NEXCOM International Co's Momentum Rank falls into.

NEXCOM International Co Momentum Rank Related Terms

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NEXCOM International Co (ROCO:8234) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » NEXCOM International Co Ltd (ROCO:8234) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongzheng Rd, 9th Floor, No.920, Zhonghe District, New Taipei City, TWN, 23586

Website

http://www.nexcom.com

NEXCOM International Co Ltd is engaged in the research and development, and manufacture of computer peripheral equipment and electronic components in Taiwan. It offers industrial computers, network security products, onboard computer products, multimedia products, network communication products, customized products, and related application software, among others. The group has a presence in Taiwan, Asia, America, and Europe.

NEXCOM International Co (ROCO:8234) Headlines

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