China Motor (TPE:2204) Momentum Rank : 8 (As of Jun. 23, 2024)

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What is China Motor Momentum Rank?

China Motor 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 China Motor's Momentum Rank

For the Auto Manufacturers subindustry, China Motor'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.

China Motor's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, China Motor's Momentum Rank distribution charts can be found below:

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

China Motor Momentum Rank Related Terms

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China Motor (TPE:2204) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China Motor Corp (TPE:2204) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.618, Xiucai Road, Yangmei District, Taoyuan City, TWN, 326

Website

https://www.cmc-motor.com

China Motor Corp is an automobile manufacturing company domiciled in Taiwan. The company principally manufactures passenger vehicles, recreational vehicles, light commercial vehicles, trucks, electric vehicles, and spare parts and accessories. The company derives the vast majority of revenue from vehicle manufacturing. China Motor operates domestically across three manufacturing plants. The company distributes vehicles both domestically and exports mainly across other Asia-Pacific regions, with domestic sales contributing the majority of consolidated revenue.

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