SK Securities Co (XKRX:001510) Momentum Rank : 7 (As of May. 05, 2024)

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What is SK Securities Co Momentum Rank?

SK Securities Co has the Momentum Rank of 7.

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 SK Securities Co's Momentum Rank

For the Asset Management subindustry, SK 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.

SK Securities Co's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, SK Securities Co's Momentum Rank distribution charts can be found below:

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

SK Securities Co Momentum Rank Related Terms

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SK Securities Co (XKRX:001510) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » SK Securities Co Ltd (XKRX:001510) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

001515.PFD:Korea

Address

23-10 Yeouido-dong, Yeoungdungpo-gu, Seoul, KOR

Website

http://www.sks.co.kr

SK Securities Co Ltd is a Korea-based financial services provider in the securities market. The company provides an array of financial services from individual investors and institutions to corporate entities. It is primarily engaged in the securities brokerage, dealing and underwriting businesses, covering stocks, futures, options, government bonds, corporate bonds, foreign exchanges and financial derivative products. In addition, it also involved in the investment banking business, which provides acquisition and project financing services, as well as wealth management services.

SK Securities Co (XKRX:001510) Headlines

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