Chicony Electronics Co (TPE:2385) Momentum Rank : 3 (As of May. 12, 2024)

View and export this data going back to 1999. Start your Free Trial

What is Chicony Electronics Co Momentum Rank?

Chicony Electronics 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 Chicony Electronics Co's Momentum Rank

For the Computer Hardware subindustry, Chicony Electronics 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.

Chicony Electronics Co's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Chicony Electronics Co's Momentum Rank falls into.

Chicony Electronics Co Momentum Rank Related Terms

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

Chicony Electronics Co (TPE:2385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chicony Electronics Co Ltd (TPE:2385) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 69, Guangfu Road, Section 2, Sanchong District, New Taipei, TWN, 24158

Website

https://www.chicony.com.tw

Chicony Electronics Co Ltd is engaged in the manufacturing and sales of keyboards and other computer peripheral components. The company has manufacturing bases in Suzhou, Dongguan, Chongqing in China and in the Czech Republic. The company also has branches in the United States and Japan. Its business centers around the manufacture of computer peripheral products and video-image products. The four major product lines are input devices, portable keyboard modules, visual and image products as well as camera lens modules, keyboards, Internet cameras and Notebook camera modules. The sales of sports video-recorders and external tablet keyboards have also been growing.

Chicony Electronics Co (TPE:2385) Headlines

No Headlines