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VAIV Company (XKRX:301300) Momentum Rank : 7 (As of Jun. 22, 2024)


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What is VAIV Company Momentum Rank?

VAIV Company has the Momentum Rank of 7.

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 VAIV Company's Momentum Rank

For the Software - Application subindustry, VAIV Company'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.


VAIV Company's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, VAIV Company's Momentum Rank distribution charts can be found below:

* The bar in red indicates where VAIV Company's Momentum Rank falls into.



VAIV Company Momentum Rank Related Terms

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VAIV Company (XKRX:301300) Business Description

Traded in Other Exchanges
N/A
Address
97, Dokseodang-ro, Yongsan-gu, Seoul, KOR
VAIV Company Inc is an artificial intelligence innovation technology company that provides customized services and subscription services based on SOFIA (Sofia), the only artificial intelligence and big data technology platform in Korea. The company plans to strengthen the business capabilities of Some Trend, a big data analysis platform, and to preempt the new business, digital twin and customer-specific IPA market, to prepare future growth engines as a representative artificial intelligence company.

VAIV Company (XKRX:301300) Headlines

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