Sunny Friend Environmental Technology Co (TPE:8341) Momentum Rank : 1 (As of May. 21, 2024)

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What is Sunny Friend Environmental Technology Co Momentum Rank?

Sunny Friend Environmental Technology Co has the Momentum Rank of 1.

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 Sunny Friend Environmental Technology Co's Momentum Rank

For the Waste Management subindustry, Sunny Friend Environmental Technology 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.

Sunny Friend Environmental Technology Co's Momentum Rank Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Sunny Friend Environmental Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sunny Friend Environmental Technology Co's Momentum Rank falls into.

Sunny Friend Environmental Technology Co Momentum Rank Related Terms

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Sunny Friend Environmental Technology Co (TPE:8341) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Sunny Friend Environmental Technology Co (TPE:8341) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1-20, Yuan Dong Road, Yuanchang Township, Yunlin County, TWN, 655

Website

https://www.sunnyfriend.com.tw

Sunny Friend Environmental Technology Co operates medical waste treatment plants. It uses technology to handle various types of hazardous waste and collects, incinerates, solidifies, and develops solutions to streamline disposal. Various subsidiaries are in Asia to provide services to medical institutions, dispose of batteries, and offer waste treatment and engineering consultations. The company works to recover materials from waste, recycle resources, and conduct environmental tests to discover innovative solutions. Removal vehicles improve communication with customers and are fully equipped to monitor and transmit all cleaning and incineration records back to Sunny Friend's data centers. It generates the majority of its revenue from waste disposal.

Sunny Friend Environmental Technology Co (TPE:8341) Headlines

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