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O'Pay Electronic Payment Co (ROCO:6878) Momentum Rank : 0 (As of Jun. 23, 2024)


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What is O'Pay Electronic Payment Co Momentum Rank?

O'Pay Electronic Payment Co has the Momentum Rank of 0.

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.

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O'Pay Electronic Payment Co (ROCO:6878) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » O'Pay Electronic Payment Co Ltd (ROCO:6878) » Definitions » Momentum Rank
Comparable Companies
ROCO:6791 ROCO:5212 ROCO:8272 ROCO:7547 ROCO:6925 ROCO:6865 ROCO:6868 ROCO:6870 ROCO:8298 ROCO:6565 MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ
Traded in Other Exchanges
N/A
Address
5th Floor, No 19-2 Sanchong Road, Nangang District, Taipei, TWN, 115
Website
https://www.opay.tw
O'Pay Electronic Payment Co Ltd is an open electronic payment platform that has been engaged in the cash flow payment industry. Its business content includes providing customers with payment agency services for inward or outward remittance of cross-border network actual transaction prices and providing payment services.

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