Thinkware Systems (XKRX:084730) Momentum Rank : 10 (As of May. 16, 2024)

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What is Thinkware Systems Momentum Rank?

Thinkware Systems 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 Thinkware Systems's Momentum Rank

For the Scientific & Technical Instruments subindustry, Thinkware Systems'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.

Thinkware Systems's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Thinkware Systems's Momentum Rank falls into.

Thinkware Systems Momentum Rank Related Terms

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Thinkware Systems (XKRX:084730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Thinkware Systems Corp (XKRX:084730) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

240 (Sampyeong-dong 678), Samhwan Highpex A 9th Floor, Bundang-gu, Seongnam, KOR

Website

http://www.thinkware.co.kr

Thinkware Systems Corp is engaged in manufacturing location and navigation systems in South Korea. Its products include navigation, map software, black box for automobiles, tablet personal computer and location-based services.

Thinkware Systems (XKRX:084730) Headlines

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