Copartner Technology (TPE:3550) Momentum Rank : 4 (As of May. 30, 2024)

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What is Copartner Technology Momentum Rank?

Copartner Technology has the Momentum Rank of 4.

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 Copartner Technology's Momentum Rank

For the Electrical Equipment & Parts subindustry, Copartner Technology'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.

Copartner Technology's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Copartner Technology's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Copartner Technology's Momentum Rank falls into.

Copartner Technology Momentum Rank Related Terms

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Copartner Technology (TPE:3550) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Copartner Technology Corp (TPE:3550) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 16, Jianba Road, 4th Floor, Zhonghe District, New Taipei City, TWN, 235

Website

http://en.copartner.com.tw

Copartner Technology Corp manufactures cable and wire products. It supplies products for the information, communications, and electronics industries. The company mainly engaged in three production and sales segments which include signal transmission wires and wire sets, plastic pellets, and others. The majority of the revenue derives from the signal transmission wires and wire sets segment. It operates in Europe, America, Australia, Japan, and South-East Asia.

Copartner Technology (TPE:3550) Headlines

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