Kao Hsing Chang Iron & Steel (TPE:2008) Momentum Rank : 5 (As of Apr. 29, 2025)

View and export this data going back to 1988. Start your Free Trial

What is Kao Hsing Chang Iron & Steel Momentum Rank?

Kao Hsing Chang Iron & Steel has the Momentum Rank of 5.

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 Kao Hsing Chang Iron & Steel's Momentum Rank

For the Steel subindustry, Kao Hsing Chang Iron & Steel'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.

Kao Hsing Chang Iron & Steel's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Kao Hsing Chang Iron & Steel's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Kao Hsing Chang Iron & Steel's Momentum Rank falls into.

Save Embed

;

Save Embed

;

Kao Hsing Chang Iron & Steel Momentum Rank Related Terms

Thank you for viewing the detailed overview of Kao Hsing Chang Iron & Steel's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Kao Hsing Chang Iron & Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kao Hsing Chang Iron & Steel Corp (TPE:2008) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.318, Zhonghua 1st Road, Gushan District, Kaohsiung, TWN, 804

Website

http://www.khc.com.tw

Kao Hsing Chang Iron & Steel Corp is engaged in the manufacturing, processing, and trading of steel pipes and cold-rolled steel sheets; manufacturing of metal architectural components; leasing; carpark management; and wholesale of other products. The majority of its revenue comes from the steel pipe department. Its geographical segments are Taiwan, North America, and Northeast Asia, of which the majority of the revenue comes from Taiwan.

Kao Hsing Chang Iron & Steel Headlines

No Headlines