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Great Taipei Gas (TPE:9908) Momentum Rank : 2 (As of Jun. 24, 2024)


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What is Great Taipei Gas Momentum Rank?

Great Taipei Gas has the Momentum Rank of 2.

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 Great Taipei Gas's Momentum Rank

For the Utilities - Regulated Gas subindustry, Great Taipei Gas'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.


Great Taipei Gas's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Great Taipei Gas's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Great Taipei Gas's Momentum Rank falls into.



Great Taipei Gas Momentum Rank Related Terms

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Great Taipei Gas (TPE:9908) Business Description

Traded in Other Exchanges
N/A
Address
No. 35, Lane 11, Guangfu N. Raod, 5th Floor, Songshan District, Taipei, TWN, 105
Great Taipei Gas Corp is a Taiwanese gas utility company that provides natural gas services to districts throughout the city of Taipei, Taiwan. The company's core activity is the selling of a variety of gas utility-related products and supplies, such as natural gas, gas equipment, gas meters, and gas instruments, which are sourced primarily from Europe, America, and Japan. Great Taipei Gas then distributes natural gas to end users in the Taiwanese capital city by operating a network of gas pipelines and storage facilities.

Great Taipei Gas (TPE:9908) Headlines

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