Nien Made Enterprise Co (TPE:8464) Momentum Rank : 8 (As of May. 25, 2024)

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What is Nien Made Enterprise Co Momentum Rank?

Nien Made Enterprise Co 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 Nien Made Enterprise Co's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, Nien Made 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.

Nien Made Enterprise Co's Momentum Rank Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Nien Made Enterprise Co's Momentum Rank distribution charts can be found below:

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

Nien Made Enterprise Co Momentum Rank Related Terms

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Nien Made Enterprise Co (TPE:8464) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nien Made Enterprise Co Ltd (TPE:8464) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 , 23rd Floor, No. 98 , Chengbei Shizheng N. 7th Road, Xitun District, Taichung, TWN

Website

https://www.nienmade.com.tw

Nien Made Enterprise Co Ltd is a Taiwan-based company principally engaged in the business of home furnishings. The company manufactures and distributes curtains and window blinds. The product range consists of interior and exterior shutters, faux wood blinds, vinyl blinds, wood blinds, roll-up shades, and cellular shades. The company operates in two reportable segments that are window coverings and other, out of which the majority of revenue is generated by sales of window coverings.

Nien Made Enterprise Co (TPE:8464) Headlines

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