Manho Rope & Wire (XKRX:001080) Momentum Rank : 9 (As of Jun. 23, 2024)

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What is Manho Rope & Wire Momentum Rank?

Manho Rope & Wire has the Momentum Rank of 9.

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 Manho Rope & Wire's Momentum Rank

For the Steel subindustry, Manho Rope & Wire'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.

Manho Rope & Wire's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Manho Rope & Wire's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Manho Rope & Wire's Momentum Rank falls into.

Manho Rope & Wire Momentum Rank Related Terms

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Manho Rope & Wire (XKRX:001080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Manho Rope & Wire Ltd (XKRX:001080) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

85-2, 4 Street Joongang-Dong, Joong-ku, Busan, KOR, 618-270

Website

http://www.manhorope.com

Manho Rope & Wire Ltd is a Korea-based company engaged in the manufacturing of ropes. Its products include fiber ropes, wire ropes, stainless wires, stainless cables, hard drawn steel wires, piano wires, pre-stressed concrete (PC) wires, PC strands, elevator ropes, galvanized steel wires for aluminum stranded conductors steel reinforced (ACSR) and others, which are used in shipbuilding, mining, elevator, spring manufacturing, bridge construction and other industries.

Manho Rope & Wire (XKRX:001080) Headlines

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