Hyundai Motor Securities Co (XKRX:001500) Momentum Rank : 8 (As of May. 29, 2024)

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What is Hyundai Motor Securities Co Momentum Rank?

Hyundai Motor Securities 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 Hyundai Motor Securities Co's Momentum Rank

For the Capital Markets subindustry, Hyundai Motor Securities 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.

Hyundai Motor Securities Co's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Hyundai Motor Securities Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hyundai Motor Securities Co's Momentum Rank falls into.

Hyundai Motor Securities Co Momentum Rank Related Terms

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Hyundai Motor Securities Co (XKRX:001500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hyundai Motor Securities Co Ltd (XKRX:001500) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

25-3, Yeouido-Dong, Yeongdeungpo-gu, Seoul, KOR, 150876

Website

http://www.hmcib.com

Hyundai Motor Securities Co Ltd is a Korea based company engaged in providing securities and financial services such as securities dealing, brokerage and underwriting services. It also offers investment consulting, internet banking, corporate financing and corporate analysis services. The business areas in which the organization is involved are Retail, Wholesale, Pension, Research, Trading and IB.

Hyundai Motor Securities Co (XKRX:001500) Headlines

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