Daishin Securities Co (LSE:DSS) Momentum Rank : 6 (As of Apr. 29, 2024)

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What is Daishin Securities Co Momentum Rank?

Daishin Securities Co has the Momentum Rank of 6.

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 Daishin Securities Co's Momentum Rank

For the Capital Markets subindustry, Daishin Securities Co'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.

Daishin Securities Co's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Daishin Securities Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Daishin Securities Co's Momentum Rank falls into.

Daishin Securities Co Momentum Rank Related Terms

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Daishin Securities Co (LSE:DSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Daishin Securities Co Ltd (LSE:DSS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

003547:Korea 003545:Korea 003540:Korea

Address

Daishin Finance Center 343, Samil-daero, Jung-gu, Seoul, KOR

Website

https://eng.daishin.com

Daishin Securities Co Ltd is a South Korean financial service company. The company operates in Hong Kong and the United States but conducts the majority of its business domestically. It generates most of its revenue from investment in equity, bonds, and derivatives. The retail segment of the company provides brokerage services and generates the second-largest amount of revenue. The next- largest segment purchases and sells asset-backed securities, including bonds and bad assets. The company also engages in corporate business, enterprise finance, savings banking, economic research, and foreign business.