Truly International Holdings (Truly International Holdings) Momentum Rank : 10 (As of May. 27, 2024)

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What is Truly International Holdings Momentum Rank?

Truly International Holdings 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 Truly International Holdings's Momentum Rank

For the Electronic Components subindustry, Truly International 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.

Truly International Holdings's Momentum Rank Distribution in the Hardware Industry

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

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

Truly International Holdings Momentum Rank Related Terms

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Truly International Holdings (Truly International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Truly International Holdings Ltd (OTCPK:TRUHF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

00732:Hong Kong TYU2:Germany

Address

1-3 Wing Yip Street, 2nd Floor, Chung Shun Knitting Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.truly.com.hk

Truly International Holdings Ltd is an investment holding company. Its subsidiaries are principally engaged in the business of manufacturing and sale of liquid crystal display (LCD) products including touch panel products and electronic consumer products including a compact camera module, fingerprint identification modules, personal health care products and electrical devices. The Group is currently organised into two operating segments which are sales of LCD products and electronic consumer products. The LCD products manufacture and distribute LCD products and touch panel products. Electronic consumer products manufacture and distribute electronic consumer products such as CCM, fingerprint identification modules, personal health care products and electrical devices.

Truly International Holdings (Truly International Holdings) Headlines

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