Wiscom Co (XKRX:024070) Momentum Rank : 4 (As of Jun. 25, 2024)

View and export this data going back to 1996. Start your Free Trial

What is Wiscom Co Momentum Rank?

Wiscom 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 Wiscom Co's Momentum Rank

For the Chemicals subindustry, Wiscom 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.

Wiscom Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Wiscom Co's Momentum Rank distribution charts can be found below:

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

Wiscom Co Momentum Rank Related Terms

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

Wiscom Co (XKRX:024070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Wiscom Co Ltd (XKRX:024070) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

472-6, Mongnae-Dong, Danwon-Gu, Ansan, Gyeonggi, KOR, 425-100

Website

http://www.wiscom.co.kr

Wiscom Co Ltd is a South Korea-based company engaged in the manufacturing and distribution of plastic compounds. The company produces polyvinyl chloride (PVC) compounds, polyethylene (PE) compounds and other high functional resin compounds used in electrical cables, semiconductors, automobile interior decorations and ships. The company is also involved in the original equipment manufacturing (OEM) of acrylonitrile butadiene styrene (ABS) compounds, polystyrene (PS) compounds, as well as polymethyl methacrylate (PMMA) compounds.

Wiscom Co (XKRX:024070) Headlines

No Headlines