Marketech International (TPE:6196) Momentum Rank : 8 (As of Dec. 15, 2024)

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What is Marketech International Momentum Rank?

Marketech International has the Momentum Rank of 8.

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 Marketech International's Momentum Rank

For the Electronic Components subindustry, Marketech International'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.

Marketech International's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Marketech International's Momentum Rank falls into.

Marketech International Momentum Rank Related Terms

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Marketech International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Marketech International Corp (TPE:6196) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

6th Floor, Number 3-2 Yuancyu Street, Nangang District, Taipei, TWN, 11503

Website

https://www.micb2b.com

Marketech International Corp is a technology service provider divided into four segments. The agency for equipment materials segment is engaged in semiconductor, optoelectronics & other high-tech industrial processing & trading, distribution & technical support of factory equipment. Process system & mechatronic system service segment include contracting electrical, clean room, peripheral system facilities, providing integrated services, maintenance & repair for gas, factory monitor systems. The customized equipment manufacturing segment is engaged in the R&D of customized automation equipment. Other segments include repair, cleaning & renewal. The key revenue is from Sales & services for equipment materials segment. Geographically, the majority of revenue is from Taiwan.

Marketech International Headlines

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