Sporton International (ROCO:6146) Momentum Rank : 4 (As of Dec. 11, 2024)

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What is Sporton International Momentum Rank?

Sporton International 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 Sporton International's Momentum Rank

For the Specialty Business Services subindustry, Sporton International'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.

Sporton International's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Sporton International's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sporton International's Momentum Rank falls into.

Sporton International Momentum Rank Related Terms

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Sporton International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Sporton International Inc (ROCO:6146) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 106-B, Sintai 5th Road, Section 1, 6th Floor, Sijhih District, New Taipei, TWN

Website

https://www.sporton.com.tw

Sporton International Inc has been focusing on providing professional EMC testing and certification services for electronics, electrical, communications, and radio products and devices and sales of antimagnetic parts. Its reportable segments include the components division and Testing certification and verification services. The majority of the company's revenue is derived from its testing, certification, and verification services.

Sporton International Headlines

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