Next Entertainment World Co (XKRX:160550) Momentum Rank : 7 (As of May. 04, 2025)

View and export this data going back to 2014. Start your Free Trial

What is Next Entertainment World Co Momentum Rank?

Next Entertainment World Co has the Momentum Rank of 7.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Next Entertainment World Co's Momentum Rank

For the Entertainment subindustry, Next Entertainment World 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.

Next Entertainment World Co's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Next Entertainment World Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Next Entertainment World Co's Momentum Rank falls into.

Save Embed

;

Save Embed

;

Next Entertainment World Co Momentum Rank Related Terms

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

Next Entertainment World Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Next Entertainment World Co Ltd (XKRX:160550) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

8th Floor, Doosan B/D, Eonjuro 726, Gangnam-Gu, Seoul, KOR

Website

http://www.its-new.co.kr

Next Entertainment World Co Ltd is involved in film investment and domestic distribution business. Its business areas include Film, Performance, Ancillary rights distribution, and Music. The firm's key works of film and performance include miracle in cell number 7, the attorney, cold eyes and musical "December and play big talk daddy. It is also involved in the distribution of films and performance in the secondary market through the subsidiary as well as producing, investing and distributing the music of established and new artists and all kinds of music.

Next Entertainment World Co Headlines

No Headlines