Seondo Electric Co (XKRX:007610) Momentum Rank : 2 (As of Jun. 24, 2024)

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What is Seondo Electric Co Momentum Rank?

Seondo Electric Co 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 Seondo Electric Co's Momentum Rank

For the Electronic Components subindustry, Seondo Electric 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.

Seondo Electric Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Seondo Electric Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Seondo Electric Co's Momentum Rank falls into.

Seondo Electric Co Momentum Rank Related Terms

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Seondo Electric Co (XKRX:007610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Seondo Electric Co Ltd (XKRX:007610) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

734 Wonshi-Dong, Danwon-Gu, Ansan, Gyeonggi, KOR, 425-851

Website

http://www.seondo.co.kr

Seondo Electric Co Ltd is a Korea-based company engaged in the manufacture of electric conversion devices. The firm provides switchgears, such as gas insulated switchgears (GISs), vacuum circuit breakers (VCBS), vacuum circuit systems (VCSs)transmission line protection relay panels and others; monitoring and control systems, such as substation total automation systems, remote terminal units (RTUs), distributed control systems and supervisory controls and data acquisition (SCADA) systems; circuit breakers, such as earth leakage circuit breakers, magnetic contractors, home panel boards, reject filters and ignition transformers; environment products, such as diesel soot smoke reducers, electric dust collectors and others, as well as electric construction services.

Seondo Electric Co (XKRX:007610) Headlines

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