Hold-Key Electric Wire & Cable Co (TPE:1618) Momentum Rank : 3 (As of May. 21, 2024)

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What is Hold-Key Electric Wire & Cable Co Momentum Rank?

Hold-Key Electric Wire & Cable Co has the Momentum Rank of 3.

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 Hold-Key Electric Wire & Cable Co's Momentum Rank

For the Electronics & Computer Distribution subindustry, Hold-Key Electric Wire & Cable 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.

Hold-Key Electric Wire & Cable Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hold-Key Electric Wire & Cable Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hold-Key Electric Wire & Cable Co's Momentum Rank falls into.

Hold-Key Electric Wire & Cable Co Momentum Rank Related Terms

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Hold-Key Electric Wire & Cable Co (TPE:1618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hold-Key Electric Wire & Cable Co Ltd (TPE:1618) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fuxing South Road, 3rd Floor, No. 36-9, Section 1, Zhongshan District, Taipei City, TWN, 104

Website

https://www.hold-key.com.tw

Hold-Key Electric Wire & Cable Co Ltd is engaged in the manufacture and sells XLPE power cables, electric cables, aluminum cables, rubber cables, communication cables, fiber optic cables, LAN cables, cable accessories, etc., and is also engaged in the import and export of the aforementioned products and lease of properties. The company has two operating segments; the Wires and Cables Segment, and the Others Segment. The Group mainly operates in Taiwan, Europe, USA, and Asia. it derives a majority of its revenue from Taiwan.

Hold-Key Electric Wire & Cable Co (TPE:1618) Headlines

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