Kinko Optical Co (TPE:6209) Momentum Rank : 5 (As of Dec. 15, 2024)

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What is Kinko Optical Co Momentum Rank?

Kinko Optical 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 Kinko Optical Co's Momentum Rank

For the Electronic Components subindustry, Kinko Optical 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.

Kinko Optical Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kinko Optical Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Kinko Optical Co's Momentum Rank falls into.

Kinko Optical Co Momentum Rank Related Terms

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Kinko Optical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kinko Optical Co Ltd (TPE:6209) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 91, Lane 562, Section 2 Gaang Nan Road, Wu Chi, Taichung, TWN

Website

http://www.kinko-optical.com

Kinko Optical Co Ltd is engaged in the design, production, and manufacturing of optical components and optical lens. Its product range consists of a digital single-lens reflex camera, mobile phone, gaming, surveillance, automotive, all kind of 3C applications, Internet of things, and near-infrared products. The main source of revenue of the Company is the revenue from the export of optical lenses and lenses, which are sold in various markets, including Mainland China and Southeast Asia.

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