Microtek International (TPE:2305) Momentum Rank : 9 (As of May. 05, 2024)

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What is Microtek International Momentum Rank?

Microtek International has the Momentum Rank of 9.

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 Microtek International's Momentum Rank

For the Computer Hardware subindustry, Microtek International'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.

Microtek International's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Microtek International's Momentum Rank falls into.

Microtek International Momentum Rank Related Terms

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Microtek International (TPE:2305) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Microtek International Inc (TPE:2305) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.6 Industry East Road 3, Science-Based Industrial Park, Hsinchu, TWN, 300091

Website

https://www.microtek.com

Microtek International Inc is a Taiwan based company offering scanning solutions. The company is engaged in the manufacturing and marketing of digital image scanners and related computer peripheral products. It offers scanners for medical, document, professional image, office, home, and industrial application. Its product portfolio includes ArtixScan series, FileScan series, ScanMaker series, XT series, Bio series, ObjectScan series, and medical series, among others.

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