Hannstar Display (TPE:6116) Momentum Rank : 4 (As of May. 16, 2024)

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What is Hannstar Display Momentum Rank?

Hannstar Display has the Momentum Rank of 4.

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 Hannstar Display's Momentum Rank

For the Electronic Components subindustry, Hannstar Display'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.

Hannstar Display's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Hannstar Display's Momentum Rank falls into.

Hannstar Display Momentum Rank Related Terms

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Hannstar Display (TPE:6116) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hannstar Display Corp (TPE:6116) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 168, Xingshan Road, 4Floor, No.15, Neihu District, Taipei, TWN, 11469

Website

https://www.hannstar.com

Hannstar Display Corp is a Taiwan-based manufacturer and seller of TFT-LCD panels, flat-panel displays, CCTV and related components. The firm has two fabrication facilities, one facility to manufacture liquid crystal displays, and one facility to manufacture liquid crystal monitors. These display products are low-radiation, low energy consumption, and lightweight. Hannstar display products are sold primarily to original equipment manufacturers of computer products. The firm has operations in Taiwan and China.

Hannstar Display (TPE:6116) Headlines

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