Fujikon Industrial Holdings (HKSE:00927) Momentum Rank : 2 (As of May. 20, 2024)

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What is Fujikon Industrial Holdings Momentum Rank?

Fujikon Industrial Holdings has the Momentum Rank of 2.

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 Fujikon Industrial Holdings's Momentum Rank

For the Consumer Electronics subindustry, Fujikon Industrial Holdings'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.

Fujikon Industrial Holdings's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Fujikon Industrial Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Fujikon Industrial Holdings's Momentum Rank falls into.

Fujikon Industrial Holdings Momentum Rank Related Terms

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Fujikon Industrial Holdings (HKSE:00927) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fujikon Industrial Holdings Ltd (HKSE:00927) » Definitions » Momentum Rank

Traded in Other Exchanges

FUK:Germany

Address

138 Shatin Rural Committee Road, 16th Floor, Tower 1, New Territories, Grand Central Plaza, Shatin, Hong Kong, HKG

Website

https://www.fujikon.com

Fujikon Industrial Holdings Ltd is engaged in the design, manufacture, marketing and trading of electro-acoustic products, accessories and other electronic products. The company operates through two segments which include Headsets and headphones and Accessories and components. The Headsets and headphones segment is involved in the manufacture and sales of headsets and headphone products. The accessories and Components segment includes the manufacture and sales of electric-acoustic accessories and components.

Fujikon Industrial Holdings (HKSE:00927) Headlines

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