Cayman Engley Industrial Co (TPE:2239) Momentum Rank : 2 (As of Jun. 16, 2024)

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What is Cayman Engley Industrial Co Momentum Rank?

Cayman Engley Industrial Co has the Momentum Rank of 2.

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 Cayman Engley Industrial Co's Momentum Rank

For the Auto Parts subindustry, Cayman Engley Industrial 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.

Cayman Engley Industrial Co's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cayman Engley Industrial Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Cayman Engley Industrial Co's Momentum Rank falls into.

Cayman Engley Industrial Co Momentum Rank Related Terms

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Cayman Engley Industrial Co (TPE:2239) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cayman Engley Industrial Co Ltd (TPE:2239) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhuoyue Street, High-tech Zone, No. 2379, Changchun City, TWN, 130000

Website

http://www.engley.com

Cayman Engley Industrial Co Ltd operates in the automobile part industry. The Company operates the manufacture and sale of automobile parts and related products of molds. Its main products are long and short glass-fiber reinforcement plastic parts, metal stamping parts, rolling parts, and cockpit carrier welding parts. The firm derived revenue by producing and selling auto parts, stamping products, hot pressing molding products, and so on. It earns maximum revenues from China.

Cayman Engley Industrial Co (TPE:2239) Headlines

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