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Ilwoul GML Co (XKRX:178780) Momentum Rank : 0 (As of Jun. 24, 2024)


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What is Ilwoul GML Co Momentum Rank?

Ilwoul GML Co has the Momentum Rank of 0.

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.

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Ilwoul GML Co (XKRX:178780) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ilwoul GML Co Ltd (XKRX:178780) » Definitions » Momentum Rank
Comparable Companies
XKRX:007610 XKRX:033200 XKRX:076610 XKRX:082850 XKRX:177830 XKRX:208710 XKRX:095500 XKRX:263810 XKRX:105330 XKRX:027580 TSE:6981 TPE:2317 SZSE:002475 APH TEL XKRX:006400 SZSE:000725 GLW HKSE:02382 SZSE:002938
Traded in Other Exchanges
N/A
Address
1034, Cheonho-daero, 8th Floor, Top Medical Center, Gangdong-gu, Seoul, KOR
Website
http://www.u-tech.co.kr
Ilwoul GML Co Ltd is engaged in providing different businesses and services, and are divided into electronic parts manufacturing business and eco-energy business. The Manufacturing division engages in Medical device parts injection, mold, overseas fashion, miscellaneous goods, etc and distribution business. The Eco Energy Division is engaged in Waste oil refinery and oil wholesale and retail.

Ilwoul GML Co (XKRX:178780) Headlines

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