Taiwan Green Environment Technology (ROCO:5205) Momentum Rank : 7 (As of Apr. 30, 2025)

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What is Taiwan Green Environment Technology Momentum Rank?

Taiwan Green Environment Technology has the Momentum Rank of 7.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Taiwan Green Environment Technology's Momentum Rank

For the Software - Application subindustry, Taiwan Green Environment Technology'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.

Taiwan Green Environment Technology's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Taiwan Green Environment Technology's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Taiwan Green Environment Technology's Momentum Rank falls into.

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Taiwan Green Environment Technology Momentum Rank Related Terms

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Taiwan Green Environment Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Taiwan Green Environment Technology Inc (ROCO:5205) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Neihu Road, 3rd Floor - 1, No. 396, Section 1, Neihu District, Taipei, TWN, 11493

Website

https://www.twget.com.tw

Taiwan Green Environment Technology Inc is a Taiwan based company. The company's main business is vehicle transportation, information electromechanical, and resource recycling services. The vehicle management plan provides fleet management systems and related monitoring value-added services for commercial fleet customers, such as driving video management services. The information service plan includes information and electrical integration services, and data analysis. The waste treatment and recycling services combine environmental technology, machinery, information, and other cross-disciplinary teams to provide construction planning and services for waste and water treatment sites.

Taiwan Green Environment Technology Headlines

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