FineTek Co (ROCO:4549) Momentum Rank : 10 (As of May. 25, 2024)

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What is FineTek Co Momentum Rank?

FineTek Co has the Momentum Rank of 10.

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 FineTek Co's Momentum Rank

For the Scientific & Technical Instruments subindustry, FineTek 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.

FineTek Co's Momentum Rank Distribution in the Hardware Industry

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

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

FineTek Co Momentum Rank Related Terms

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FineTek Co (ROCO:4549) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FineTek Co Ltd (ROCO:4549) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.16, Tzuchiang Street, Tucheng Industrial Park, New Taipei, TWN, 23678

Website

https://www.fine-tek.com

FineTek Co Ltd manufactures, designs, and sells transmitters, point switches, and electronic terminals. Its products include point switches, level transmitters, flow measurements, grain monitoring systems, safety instruments, and digital meters among others. The company supplies industrial sensors as well as solutions for Process Automation, Flow Metering, Wireless Communication Technology, and Tank Gauging systems.

FineTek Co (ROCO:4549) Headlines

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