Winstek Semiconductor Co (ROCO:3265) Momentum Rank : 6 (As of May. 15, 2024)

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What is Winstek Semiconductor Co Momentum Rank?

Winstek Semiconductor 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 Winstek Semiconductor Co's Momentum Rank

For the Semiconductor Equipment & Materials subindustry, Winstek Semiconductor 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.

Winstek Semiconductor Co's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Winstek Semiconductor Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Winstek Semiconductor Co's Momentum Rank falls into.

Winstek Semiconductor Co Momentum Rank Related Terms

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Winstek Semiconductor Co (ROCO:3265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Winstek Semiconductor Co Ltd (ROCO:3265) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 176-5, Luliaokeng, , 6th Ling, Qionglin Township, Hualung Chun, Chiung Lin, Hsinchu, TWN, 307410

Website

https://www.winstek.com.tw

Winstek Semiconductor Co Ltd is engaged in designing, testing, and selling integrated circuits. It offers wafer probing and sorting, final test, posttest, engineering support, turnkey test, wafer-level processing, and wafer bumping services. There are two reporting divisions in the Group: Testing Division and Packaging Division. It has two segments include the Testing Business and the Bumping Business for which the majority of the revenue is from the Bumping business segment.

Winstek Semiconductor Co (ROCO:3265) Headlines

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