Tai Shing Electronics Components (ROCO:3426) Momentum Rank : 1 (As of Sep. 27, 2024)

View and export this data going back to 2015. Start your Free Trial

What is Tai Shing Electronics Components Momentum Rank?

Tai Shing Electronics Components has the Momentum Rank of 1.

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 Tai Shing Electronics Components's Momentum Rank

For the Electronic Components subindustry, Tai Shing Electronics Components'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.

Tai Shing Electronics Components's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tai Shing Electronics Components's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tai Shing Electronics Components's Momentum Rank falls into.

Tai Shing Electronics Components Momentum Rank Related Terms

Thank you for viewing the detailed overview of Tai Shing Electronics Components's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Tai Shing Electronics Components Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tai Shing Electronics Components Corp (ROCO:3426) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4, Gongye 6th Road, Building A, 6th Floor, Pingzhen Industrial Zone, Pingzhen District, Taoyuan City, TWN, 32459

Website

https://www.tai-shing.com.tw

Tai Shing Electronics Components Corp is engaged in the manufacturing of metal valves, other fabricated metal products, electric appliances, audiovisual electric products, wired communication equipment and apparatuses, telecommunication equipment, and apparatuses among other products. The company segment includes the Domestic sales and manufacturing department and the Overseas sales and manufacturing department. The company generates the majority of its revenue from the Overseas sales and manufacturing department.

Tai Shing Electronics Components Headlines

No Headlines