Chung Hwa Pulp (TPE:1905) Momentum Rank : 2 (As of Apr. 30, 2025)

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What is Chung Hwa Pulp Momentum Rank?

Chung Hwa Pulp 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 Chung Hwa Pulp's Momentum Rank

For the Paper & Paper Products subindustry, Chung Hwa Pulp'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.

Chung Hwa Pulp's Momentum Rank Distribution in the Forest Products Industry

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

* The bar in red indicates where Chung Hwa Pulp's Momentum Rank falls into.

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Chung Hwa Pulp Momentum Rank Related Terms

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Chung Hwa Pulp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Chung Hwa Pulp Corp (TPE:1905) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 51, Chongqing South Road, 12th Floor, Section 2, Taipei, TWN

Website

https://www.chp.com.tw

Chung Hwa Pulp Corp manufactures and sells pulp and a variety of paper products. The company owns and operates forests in China and Taiwan and harvests timber. The timber is transported to the firm's mills, where it produces pulp and paper products for sale. It operates in three segments: Pulp & Fine Paper which generates key revenue, Forestry, and Others. The Pulp and fine paper segment is engaged in manufacturing and selling cardboard, paper, and pulp. The Forestry segment is involved in seedling cultivation and reforestation. Geographically, the company generates a majority of its revenue from Taiwan and the rest from Mainland China.

Chung Hwa Pulp Headlines

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