Yulon Nissan Motor Co (TPE:2227) Momentum Rank : 1 (As of Jun. 19, 2024)

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What is Yulon Nissan Motor Co Momentum Rank?

Yulon Nissan Motor Co has the Momentum Rank of 1.

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 Yulon Nissan Motor Co's Momentum Rank

For the Auto Manufacturers subindustry, Yulon Nissan Motor Co'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.

Yulon Nissan Motor Co's Momentum Rank Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Yulon Nissan Motor Co's Momentum Rank falls into.

Yulon Nissan Motor Co Momentum Rank Related Terms

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Yulon Nissan Motor Co (TPE:2227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Yulon Nissan Motor Co Ltd (TPE:2227) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

39-2 Po Kung Keng, Shi Hu Tsuen, San Yi Shiang, Miao Li Hsien, TWN

Website

https://www.nissan.com.tw

Yulon Nissan Motor Co Ltd is an automobile company domiciled in Taiwan. The company principally designs, researches, develops and distributes passenger vehicles, including sedans and recreational vehicles, or RVs; commercial vehicles, such as diesel trucks and diesel chassis; and related components. The company produces vehicles under the Nissan and Infiniti brands, and finished vehicles contribute to the vast majority of consolidated revenue. The company earns majority of its revenue from sales made in Taiwan and mainland China.

Yulon Nissan Motor Co (TPE:2227) Headlines

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