Rich Circle Development Co (ROCO:6198) Momentum Rank : 3 (As of May. 27, 2024)

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What is Rich Circle Development Co Momentum Rank?

Rich Circle Development Co has the Momentum Rank of 3.

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 Rich Circle Development Co's Momentum Rank

For the Semiconductors subindustry, Rich Circle Development 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.

Rich Circle Development Co's Momentum Rank Distribution in the Semiconductors Industry

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

* The bar in red indicates where Rich Circle Development Co's Momentum Rank falls into.

Rich Circle Development Co Momentum Rank Related Terms

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Rich Circle Development Co (ROCO:6198) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Rich Circle Development Co Ltd (ROCO:6198) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

7F-2, No.2 Lane 258, Rui Guang Road, Taiepi, TWN

Website

http://www.averlogic.com.tw

Rich Circle Development Co Ltd formerly AverLogic Technologies Inc is a Taiwan based semiconductor company, engaged in the design and manufacture of application specific memory and the video processing circuit. It offers a wide range of products that include video frame buffers, video decoders, LCD display controllers, format converters and highly integrated video processors.

Rich Circle Development Co (ROCO:6198) Headlines

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