Franbo Lines (ROCO:2641) Momentum Rank : 8 (As of May. 24, 2024)

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What is Franbo Lines Momentum Rank?

Franbo Lines has the Momentum Rank of 8.

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 Franbo Lines's Momentum Rank

For the Marine Shipping subindustry, Franbo Lines'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.

Franbo Lines's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Franbo Lines's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Franbo Lines's Momentum Rank falls into.

Franbo Lines Momentum Rank Related Terms

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Franbo Lines (ROCO:2641) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Franbo Lines Corp (ROCO:2641) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Haibian Road, 3rd Floor, No.31, Lingya District, Kaohsiung, TWN, 802

Website

http://www.franbo.com.tw

Franbo Lines Corp is a Taiwan based company engaged in offering ocean transport, consulting and shipping agency services. It provides the ship freight forwarder, ship chartering, ship operation and other services. Its business areas include Time charter of vessel, Freight forwarding service and Vessel management. The company owned the vessels with the official cross-strait direct flights were given special permission which is one of the majority's bulk carrier and general cargo shipping business between China and Taiwan.

Franbo Lines (ROCO:2641) Headlines

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