Won IK (XKRX:032940) Momentum Rank : 4 (As of Dec. 15, 2024)

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What is Won IK Momentum Rank?

Won IK 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 Won IK's Momentum Rank

For the Conglomerates subindustry, Won IK'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.

Won IK's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Won IK's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Won IK's Momentum Rank falls into.

Won IK Momentum Rank Related Terms

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Won IK Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Won IK Corp (XKRX:032940) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

20, Pangyo-ro 255beon-gil, Bundang-gu, Gyeonggi-do, Seongnam-si, KOR, 137-070

Website

http://www.wonik.com

Won IK Corp is engaged in the semiconductor, construction and leisure, trade distribution, medical health care, finance, and electric and electronics businesses in South Korea. It engages in the research and development, manufacture, and sale of semiconductor, SMC, FPD, solar cell, and TGS equipment; and semiconductor gas and display materials. The company also manufactures and distributes quartz and ceramic parts used in the production of semiconductors, TFT, and LCD.

Won IK Headlines

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