Hyundai Futurenet (XKRX:126560) Momentum Rank : 3 (As of May. 22, 2024)

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What is Hyundai Futurenet Momentum Rank?

Hyundai Futurenet has the Momentum Rank of 3.

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 Hyundai Futurenet's Momentum Rank

For the Entertainment subindustry, Hyundai Futurenet'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.

Hyundai Futurenet's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hyundai Futurenet's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hyundai Futurenet's Momentum Rank falls into.

Hyundai Futurenet Momentum Rank Related Terms

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Hyundai Futurenet (XKRX:126560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Hyundai Futurenet (XKRX:126560) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

19, Banpo-daero, Seocho-gu, Seoul, KOR, 137-070

Website

https://www.hcn.co.kr

Hyundai Futurenet is a Pay-TV company. It provides Cable Broadcasting services, Broadband Internet, Digital Broadcasting, Internet Phone, Content distribution, and other related services.

Hyundai Futurenet (XKRX:126560) Headlines

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