IEI Integration (TPE:3022) Momentum Rank : 5 (As of May. 26, 2024)

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What is IEI Integration Momentum Rank?

IEI Integration has the Momentum Rank of 5.

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 IEI Integration's Momentum Rank

For the Computer Hardware subindustry, IEI Integration'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.

IEI Integration's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, IEI Integration's Momentum Rank distribution charts can be found below:

* The bar in red indicates where IEI Integration's Momentum Rank falls into.

IEI Integration Momentum Rank Related Terms

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IEI Integration (TPE:3022) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » IEI Integration Corp (TPE:3022) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd floor, Number 29, Zhongxing Road, Xizhi District, New Taipei City, TWN, 221

Website

https://www.ieiworld.com/en

IEI Integration Corp is a Taiwan-based manufacturer of components for use in computer-based applications such as manufacturing automation, telephony integration, security, defense, transportation, and the Internet of Things. The company also offers digital solutions to smart cities, smart building automation, home automation, car park management systems, office automation, security and surveillance, and remote diagnostics. IEI collaborates with large technology companies to offer intelligent systems that are compatible with different operating systems. The firm has operations in the United States and China, Asia, Domestic and others.

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