U-Media Communications (ROCO:6470) Momentum Rank : 4 (As of May. 26, 2024)

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What is U-Media Communications Momentum Rank?

U-Media Communications 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 U-Media Communications's Momentum Rank

For the Communication Equipment subindustry, U-Media Communications'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.

U-Media Communications's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, U-Media Communications's Momentum Rank distribution charts can be found below:

* The bar in red indicates where U-Media Communications's Momentum Rank falls into.

U-Media Communications Momentum Rank Related Terms

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U-Media Communications (ROCO:6470) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » U-Media Communications Inc (ROCO:6470) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jin-Shan 8th Street, 3rd Floor, Number 1, Hsinchu, TWN, 300

Website

http://www.u-media.com.tw

U-Media Communications Inc is a Taiwan based company engaged in electronic component manufacturing, wired and wireless, Line communication machinery and equipment manufacturing, data storage and processing equipment manufacturing, manufacturing output, communication industry engineering, information software services, telecommunications control radio frequency equipment input and manufacturing, etc. The products of the company include Wireless Broadband, Wifi products like WST and Router and Wireless AV.

U-Media Communications (ROCO:6470) Headlines

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