Taiwan Cooperative Financial Holding Co (TPE:5880) Momentum Rank : 5 (As of May. 24, 2024)

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What is Taiwan Cooperative Financial Holding Co Momentum Rank?

Taiwan Cooperative Financial Holding Co has the Momentum Rank of 5.

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 Taiwan Cooperative Financial Holding Co's Momentum Rank

For the Banks - Regional subindustry, Taiwan Cooperative Financial Holding 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.

Taiwan Cooperative Financial Holding Co's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Taiwan Cooperative Financial Holding Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Taiwan Cooperative Financial Holding Co's Momentum Rank falls into.

Taiwan Cooperative Financial Holding Co Momentum Rank Related Terms

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Taiwan Cooperative Financial Holding Co (TPE:5880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Taiwan Cooperative Financial Holding Co Ltd (TPE:5880) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 225, Chang'an East Road, 17-19th Floor, Section 2, Building A, Songshan District, Taipei, TWN

Website

https://www.tcfhc.com.tw

Taiwan Cooperative Financial Holding Co Ltd is a financial holding company with a broad range of financial products and services in Taiwan. The company reportable segments include TCB business segment which includes deposit and loan, capital, trust, and other business and Other noncore business segments. It generates maximum revenue from TCB Business segment. The company offers commercial banking, bills finance, credit cards, insurance, security and futures trading, venture capital, and asset management through its subsidiaries.

Taiwan Cooperative Financial Holding Co (TPE:5880) Headlines

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