Hsin Tai Gas (ROCO:8917) Momentum Rank : 3 (As of Jun. 20, 2024)

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What is Hsin Tai Gas Momentum Rank?

Hsin Tai Gas 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 Hsin Tai Gas's Momentum Rank

For the Utilities - Regulated Gas subindustry, Hsin Tai Gas'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.

Hsin Tai Gas's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Hsin Tai Gas's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hsin Tai Gas's Momentum Rank falls into.

Hsin Tai Gas Momentum Rank Related Terms

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Hsin Tai Gas (ROCO:8917) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hsin Tai Gas Corp (ROCO:8917) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 221, Section 2, Zhonghua Road, Tucheng District, New Taipei City, TWN

Website

https://www.htgas.com.tw

Hsin Tai Gas Corp is engaged in natural gas supply, natural gas transmission system construction, sale and installation of gas meters, and office building rental business. The company provides natural gases mainly to families, government organizations, and other areas. It operates its business mainly in New Taipei City.

Hsin Tai Gas (ROCO:8917) Headlines

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