Taiwan Puritic (ROCO:6826) Momentum Rank : 9 (As of Dec. 14, 2024)

View and export this data going back to 2021. Start your Free Trial

What is Taiwan Puritic Momentum Rank?

Taiwan Puritic has the Momentum Rank of 9.

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 Taiwan Puritic's Momentum Rank

For the Semiconductor Equipment & Materials subindustry, Taiwan Puritic'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 Puritic's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Taiwan Puritic's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Taiwan Puritic's Momentum Rank falls into.

Taiwan Puritic Momentum Rank Related Terms

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

Taiwan Puritic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Taiwan Puritic Corp (ROCO:6826) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 33, Guangfu South Road, Hukou Township, Hsinchu County, Hukou, TWN, 30351

Website

http://www.jtpc.com.tw

Taiwan Puritic Corp is engaged in the the sales and maintenance of integrated circuit semiconductors, electronics, and computer equipment; manufacturing of chemicals, gas filtration purifiers, metal, building structures, and components; import and export trade of various parts, raw materials, and products; and high-tech factory supply System engineering planning and design, construction services, and related monitoring equipment and testing, etc.

Taiwan Puritic Headlines

No Headlines