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Waste Recovery Technology (ROCO:6894) Momentum Rank : 0 (As of Jan. 18, 2025)


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What is Waste Recovery Technology Momentum Rank?

Waste Recovery Technology 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.

Waste Recovery Technology Momentum Rank Related Terms

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Waste Recovery Technology Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Waste Recovery Technology Inc (ROCO:6894) » Definitions » Momentum Rank
Comparable Companies
TPE:9955 TPE:5292 ROCO:6971 ROCO:6823 ROCO:4556 TPE:6641 TPE:1535 ROCO:6723 ROCO:7443 VLTO ZWS FSS TSE:6370 ATMU OSTO:MTRS SZSE:300390 TSE:6368 SHSE:600388 PCT HKSE:00586
Traded in Other Exchanges
N/A
Address
12F-1, No. 186, Dadun 19th Street, Xitun District, Taichung City, TWN
Website
https://www.recotech.com.tw/zh-tw
Waste Recovery Technology Inc engages in recycling and processing equipment for copper-containing waste liquid in the printed circuit board industry. The company produces printed circuit board copper plating insoluble anodes, printed circuit board copper containing waste liquid electrolytic recovery equipment, and others.

Waste Recovery Technology Headlines

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