CHT (Chunghwa Telecom Co) Momentum Rank : 4 (As of Dec. 12, 2024)

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What is Chunghwa Telecom Co Momentum Rank?

Chunghwa Telecom Co has the Momentum Rank of 4.

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 Chunghwa Telecom Co's Momentum Rank

For the Telecom Services subindustry, Chunghwa Telecom 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.

Chunghwa Telecom Co's Momentum Rank Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Chunghwa Telecom Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Chunghwa Telecom Co's Momentum Rank falls into.

Chunghwa Telecom Co Momentum Rank Related Terms

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Chunghwa Telecom Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Chunghwa Telecom Co Ltd (NYSE:CHT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

2412:Taiwan CHWD:Germany CHWD:Germany

Address

Number 21-3 Hsinyi Road, Section 1, Taipei, TWN, 100

Website

http://www.cht.com.tw

Chunghwa Telecom Co Ltd is Taiwan's integrated telecom operator, providing fixed-line, wireless, and Internet and data services. The company segment consists of Consumer Business, Enterprise Business, International Business, and Others. The company generates the majority of its revenue from the Consumer Business segment. The consumer Business segment generates revenue from Mobile services, Fixed-line services, Sales, and others.