Edison Opto (TPE:3591) Momentum Rank : 7 (As of Dec. 14, 2024)

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What is Edison Opto Momentum Rank?

Edison Opto has the Momentum Rank of 7.

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 Edison Opto's Momentum Rank

For the Electronic Components subindustry, Edison Opto'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.

Edison Opto's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Edison Opto's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Edison Opto's Momentum Rank falls into.

Edison Opto Momentum Rank Related Terms

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Edison Opto Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Edison Opto Corp (TPE:3591) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 17, Qiaohe Road, 17th Floor, Zhonghe District, New Taipei, TWN, 235029

Website

https://www.edison-opto.com.tw

Edison Opto Corp is engaged in manufacturing, selling, research, and development of LED components, modules, and finished products in general lighting and automotive lighting areas. The company's operating segment include The Company; Edison Opto (Dong Guan) Co. Ltd; Yangzhou Edison Opto Corporation; Yangzhou Edison-Litek Opto Corporation; Edison-Litek Opto Corporation and other subsidiaries. It generates maximum revenue from the Company segment. Geographically, it derives a majority of its revenue from China and Taiwan.

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