NICE Information Service Co (XKRX:030190) Momentum Rank : 8 (As of May. 04, 2024)

View and export this data going back to 2000. Start your Free Trial

What is NICE Information Service Co Momentum Rank?

NICE Information Service 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 NICE Information Service Co's Momentum Rank

For the Credit Services subindustry, NICE Information Service 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.

NICE Information Service Co's Momentum Rank Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, NICE Information Service Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where NICE Information Service Co's Momentum Rank falls into.

NICE Information Service Co Momentum Rank Related Terms

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

NICE Information Service Co (XKRX:030190) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » NICE Information Service Co Ltd (XKRX:030190) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

14-33, Yeouido-Dong, Yeongdeungpo-gu, Seoul, KOR, 150-010

Website

http://www.nice.co.kr

NICE Information Service Co Ltd is engaged in providing credit information services. The company operates in three business segments: Credit Information business segment is engaged in providing corporate rating, individual rating, corporate information, asset management and bond evaluation services; Financial Service business segment is engaged in providing ATM and CD VAN, credit card settlement, tax accounting, and cash management services; and Manufacturing business segment is engaged in manufacturing electronic components, mobile phone battery, touch panel, touch sensor and others. All the business activity of the group is functioned through Japan.

NICE Information Service Co (XKRX:030190) Headlines

No Headlines