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GITSN (XKRX:289860) Momentum Rank : 0 (As of Jan. 18, 2025)


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What is GITSN Momentum Rank?

GITSN 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.

GITSN Momentum Rank Related Terms

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GITSN Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GITSN Inc (XKRX:289860) » Definitions » Momentum Rank
Comparable Companies
XKRX:006910 XKRX:054210 XKRX:108380 XKRX:412540 XKRX:079960 XKRX:388050 XKRX:382900 XKRX:147830 XKRX:273640 XKRX:452200 SZSE:300750 XSWX:ABBN BKK:DELTA XKRX:373220 HAM:OSR VRT TSE:6503 XPAR:LR HUBB SZSE:300124
Traded in Other Exchanges
N/A
Address
No. 601, 602, 604, and 605, 288, Digital-ro, Guro-gu, Seoul, KOR, 08390
Website
https://www.gitsn.com
GITSN Inc is a high-tech security technology company. It is engaged in researching and producing security solutions to protect customers against high-tech security threats such as eavesdropping and illegal photography that disrupt daily lives. The company has developed and released a Wireless Hacking Detection System that protects the country and corporations against spy chips. It products include Intelligent eavesdropping detection system, wireless hacking detecting system and portable radio frequency detector.

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