Cheng Loong (TPE:1904) Momentum Rank : 2 (As of Jul. 16, 2025)

View and export this data going back to 1971. Start your Free Trial

What is Cheng Loong Momentum Rank?

Cheng Loong 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 Cheng Loong's Momentum Rank

For the Paper & Paper Products subindustry, Cheng Loong'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.

Cheng Loong's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Cheng Loong's Momentum Rank distribution charts can be found below:

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

Save Embed

;

Save Embed

;

Cheng Loong Momentum Rank Related Terms

Thank you for viewing the detailed overview of Cheng Loong's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Cheng Loong Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Cheng Loong Corp (TPE:1904) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Section 1, Min Sheng Road, Banqiao District, New Taipei, TWN

Website

https://www.clc.com.tw

Cheng Loong Corp manufactures and sells a variety of paper products. The company is engaged in the manufacturing and sale of paper products, materials for paper products, corrugated cartons, and related products. It is also engaged in building commercial and residential premises for rent and sale in partnership with construction companies. The company generates a majority of its revenue from the manufacturing and sale of industrial paper, corrugated containers and related products. Its geographical segments are Taiwan, which generates key revenue, China, and Southeast Asia.

Cheng Loong Headlines

No Headlines