Rexon Industrial (TPE:1515) Momentum Rank : 2 (As of Dec. 11, 2024)

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What is Rexon Industrial Momentum Rank?

Rexon Industrial has the Momentum Rank of 2.

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 Rexon Industrial's Momentum Rank

For the Specialty Industrial Machinery subindustry, Rexon Industrial'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.

Rexon Industrial's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Rexon Industrial's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Rexon Industrial's Momentum Rank falls into.

Rexon Industrial Momentum Rank Related Terms

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Rexon Industrial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rexon Industrial Corp Ltd (TPE:1515) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

N0.261,Renhua Road, Dali, Taichung, TWN, 412

Website

https://www.rexon.net

Rexon Industrial Corp Ltd manufactures machine tools, woodworking machines, and fitness equipment. The company's products include bench drill press, laser compound miter saw, nailer and stapler kit, treadmill, and smart trainer, among others. The group has only one reportable segment, which is the automatic facilities and fitness equipment segment. The automatic facilities and sports and fitness equipment segment engages mainly in the manufacturing and selling of drills, woodworking tools, automatic facilities, and fitness equipment. It has operations in both the United States and Asia.

Rexon Industrial Headlines

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