GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » DB HiTek Co Ltd (XKRX:000990) » Definitions » Momentum Rank

DB HiTek Co (XKRX:000990) Momentum Rank : 4 (As of May. 15, 2024)


View and export this data going back to 1975. Start your Free Trial

What is DB HiTek Co Momentum Rank?

DB HiTek Co has the Momentum Rank of 4.

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 DB HiTek Co's Momentum Rank

For the Semiconductors subindustry, DB HiTek 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.


DB HiTek Co's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, DB HiTek Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where DB HiTek Co's Momentum Rank falls into.



DB HiTek Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of DB HiTek Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


DB HiTek Co (XKRX:000990) Business Description

Traded in Other Exchanges
N/A
Address
90, Sudo-ro, Gyeonggi-do, Bucheon-si, KOR, 135-523
DB HiTek Co Ltd operates foundry facilities for the semiconductor industry. It primarily builds fab system-large scale integration wafers used in signal processing chips. The company uses wafer processing technology to develop chip solutions for electronic products such as televisions, computers, mobile phones, and automobiles. Dongbu Hitek's facilities add value in the areas of analog, power, embedded flash, display driver integrated circuits and image sensors. Through a network of global sales offices and support centers, the company brings its services to North America, Europe, and Asia.

DB HiTek Co (XKRX:000990) Headlines

No Headlines