Wooree Enterprise Co (XKRX:037400) Momentum Rank : 5 (As of May. 26, 2024)

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What is Wooree Enterprise Co Momentum Rank?

Wooree Enterprise Co has the Momentum Rank of 5.

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 Wooree Enterprise Co's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, Wooree Enterprise 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.

Wooree Enterprise Co's Momentum Rank Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Wooree Enterprise Co's Momentum Rank distribution charts can be found below:

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

Wooree Enterprise Co Momentum Rank Related Terms

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Wooree Enterprise Co (XKRX:037400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Wooree Enterprise Co Ltd (XKRX:037400) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

79, Seonggok-ro, Danwon-gu, Gyeonggi-do, Ansan-si, KOR

Website

http://www.wooreelighting.co.kr

Wooree Enterprise Co Ltd is a Korea-based holding company engaged in the manufacture of lighting bulbs and lamps. The company produces light emitting diode (LED) lamps, including fixture light engines, LED tube lights and others; LED indoor lightings, including recessed downlightings with different inches, link lights, recessed panel lights and others; LED outdoor lightings, including highbay lights, street lights and circular highbay lights and others in parking lots and buildings; LED signboard lightings, including light panels and channel sign modules and others.

Wooree Enterprise Co (XKRX:037400) Headlines

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