Hota Industrial Mfg Co (TPE:1536) Momentum Rank : 2 (As of Apr. 27, 2025)

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What is Hota Industrial Mfg Co Momentum Rank?

Hota Industrial Mfg Co has the Momentum Rank of 2.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Hota Industrial Mfg Co's Momentum Rank

For the Auto Parts subindustry, Hota Industrial Mfg Co'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.

Hota Industrial Mfg Co's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hota Industrial Mfg Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hota Industrial Mfg Co's Momentum Rank falls into.

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Hota Industrial Mfg Co Momentum Rank Related Terms

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Hota Industrial Mfg Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hota Industrial Mfg Co Ltd (TPE:1536) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 12, Keya Road, Daya District, Taichung, TWN, 42881

Website

http://www.hota.com.tw

Hota Industrial Mfg Co Ltd is a Taiwan based company. The company has three divisions which includes transmission, machinery, and medical. The machinery division is mainly involved in gear machinery manufacturing. The gear machine product range includes gear shaving machine, gear deburring machine, gear hobbing machine. The transmission division portfolio includes planetary gear set, transfer case components, transmission shaft, hydraulic pump gears, input and output shafts, motorcycles rear shafts, and transmissions gear set, among others. The medical division offers electric wheelchairs and electric scooters. It generates operating revenue from the manufacturing and trading of related products for vehicle transmission parts.

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