Elitegroup Computer Systems Co (TPE:2331) Momentum Rank : 7 (As of Jun. 10, 2024)

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What is Elitegroup Computer Systems Co Momentum Rank?

Elitegroup Computer Systems Co has the Momentum Rank of 7.

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 Elitegroup Computer Systems Co's Momentum Rank

For the Computer Hardware subindustry, Elitegroup Computer Systems 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.

Elitegroup Computer Systems Co's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Elitegroup Computer Systems Co's Momentum Rank falls into.

Elitegroup Computer Systems Co Momentum Rank Related Terms

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Elitegroup Computer Systems Co (TPE:2331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Elitegroup Computer Systems Co Ltd (TPE:2331) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 239, Ti Ding Boulevard, Section 2, Taipei, TWN, 11493

Website

https://www.ecs.com.tw

Elitegroup Computer Systems Co Ltd is a Taiwan-based electronics manufacturer that provides manufactured goods and services. The company engages in building and selling computer equipment and offers maintenance solutions for computer equipment as well. Its suite of products includes motherboards, desktop computers, notebook computers, and other parts and products. The majority of the firm's revenue is generated in Asia from the sales of computer equipment.

Elitegroup Computer Systems Co (TPE:2331) Headlines

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