Excel Cell Electronic Co (TPE:2483) Momentum Rank : 2 (As of Dec. 15, 2024)

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What is Excel Cell Electronic Co Momentum Rank?

Excel Cell Electronic 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 Excel Cell Electronic Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, Excel Cell Electronic 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.

Excel Cell Electronic Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Excel Cell Electronic Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Excel Cell Electronic Co's Momentum Rank falls into.

Excel Cell Electronic Co Momentum Rank Related Terms

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Excel Cell Electronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Excel Cell Electronic Co Ltd (TPE:2483) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 20, Gongyequ 25th road, Nantun District, Taichung, TWN, 408216

Website

https://www.ece.com.tw

Excel Cell Electronic Co Ltd is engaged in the manufacture and sale of electronic components such as programmable switches, relays, terminal blocks, and lead frames, as well as the processing and sale of various batteries which is also their sales items. Its products are main components for computer and communication equipment. The segment includes Semiconductors, Electronic components, electromechanical Relay, steering Motor, and Other. Geographical presence of the company is in Taiwan, Asia, Europe, United States of America and Others.

Excel Cell Electronic Co Headlines

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