Sinher Technology (TPE:4999) Momentum Rank : 2 (As of Jun. 02, 2024)

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What is Sinher Technology Momentum Rank?

Sinher Technology 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 Sinher Technology's Momentum Rank

For the Tools & Accessories subindustry, Sinher Technology'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.

Sinher Technology's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sinher Technology's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sinher Technology's Momentum Rank falls into.

Sinher Technology Momentum Rank Related Terms

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Sinher Technology (TPE:4999) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sinher Technology Inc Ltd (TPE:4999) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.27-1, Lane 169, Kangning Street, Xizhi District, New Taipei City, TWN, 22180

Website

http://www.sinher.com.tw

Sinher Technology Inc Ltd is engaged in researching, developing, manufacturing, and selling the parts of the hinge. The company offers an NB hinge, Detachable hinge, NB module hinge, Tablet module hinge, 3C hinge, AIO & LCD hinge, and Others. The company's majority of the revenue is generated from China followed by Japan and Taiwan.

Sinher Technology (TPE:4999) Headlines

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