Nan Liu Enterprise Co (TPE:6504) Momentum Rank : 4 (As of Apr. 28, 2025)

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What is Nan Liu Enterprise Co Momentum Rank?

Nan Liu Enterprise Co has the Momentum Rank of 4.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Nan Liu Enterprise Co's Momentum Rank

For the Household & Personal Products subindustry, Nan Liu Enterprise 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.

Nan Liu Enterprise Co's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nan Liu Enterprise Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nan Liu Enterprise Co's Momentum Rank falls into.

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Nan Liu Enterprise Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nan Liu Enterprise Co Ltd (TPE:6504) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 699, Silin Road, Yanchao District, Kaohsiung, TWN

Website

http://www.e-nonwoven.com.tw

Nan Liu Enterprise Co Ltd is a Taiwan-based company that is principally engaged in manufacturing and selling fabric materials, household goods, and skincare goods. The company's products consist of spunlace nonwoven fabrics, air-through/thermal-bonded nonwoven fabrics, disposable surgical gowns fabrics, wet wipes, and cosmetics. The company has a vertically integrated production process, from fabrics to secondary processing and then to finished products. The company distributes its products in Asia, especially in Taiwan, Mainland China, India, and Japan, which jointly contribute the majority of its total revenue.

Nan Liu Enterprise Co Headlines

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