Teco Electro Devices Co (ROCO:8041) Momentum Rank : 0 (As of Dec. 12, 2024)

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What is Teco Electro Devices Co Momentum Rank?

Teco Electro Devices 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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Teco Electro Devices Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Teco Electro Devices Co Ltd (ROCO:8041) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11-1, Andong Road, Zhongli District, Taoyuan, TWN, 320

Website

http://www.tedmotors.com

Teco Electro Devices Co Ltd is a professional manufacturer and seller of motors in Taiwan. Its main products include Hybrid Stepping Motor, Servo Motor, Servo Driver, Controller, PM Stepping Motor and Stepping Driver.

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