Sinon (TPE:1712) Momentum Rank : 8 (As of May. 21, 2024)

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What is Sinon Momentum Rank?

Sinon has the Momentum Rank of 8.

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 Sinon's Momentum Rank

For the Agricultural Inputs subindustry, Sinon'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.

Sinon's Momentum Rank Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sinon's Momentum Rank distribution charts can be found below:

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

Sinon Momentum Rank Related Terms

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Sinon (TPE:1712) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sinon Corp (TPE:1712) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.101, Nanrong Road, Dadu District, Taichung, TWN, 43245

Website

https://www.sinon.com.tw

Sinon Corp is a Taiwan-based company engaged in the manufacture and sales of various chemicals and fertilizers. It generates revenue through two divisions namely Crop protection which includes manufacturing activity of chemicals and fertilizer and Supermarket which includes supermarket and general retail industry. The product line of the company includes pesticides, fertilizers, agricultural materials, precision chemicals and intermediates, plastic products, microbial fertilizers, environmental drugs, preservation films, and other household goods. Majority of the company's revenue comes from the sales of crop protection.

Sinon (TPE:1712) Headlines

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