Hyundai Motor Co (Hyundai Motor Co) Momentum Rank : 6 (As of Apr. 30, 2024)

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What is Hyundai Motor Co Momentum Rank?

Hyundai Motor Co has the Momentum Rank of 6.

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 Hyundai Motor Co's Momentum Rank

For the Auto Manufacturers subindustry, Hyundai Motor 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.

Hyundai Motor Co's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hyundai Motor Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hyundai Motor Co's Momentum Rank falls into.

Hyundai Motor Co Momentum Rank Related Terms

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Hyundai Motor Co (Hyundai Motor Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hyundai Motor Co (OTCPK:HYMPY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HYMTF:USA 005389:Korea 005387:Korea 005385:Korea 005380:Korea HYUDl:UK HYUD:UK HYU:Germany

Address

12, Heolleung-ro, Seocho-Gu, Seoul, KOR

Website

https://www.hyundai.com

Hyundai Motor Co is engaged in the manufacturing and distribution of motor vehicles and parts. The business of the group is operated through a vehicle, finance, and other segments. Its vehicle segment is engaged in the manufacturing and sale of motor vehicles. The finance segment operates vehicle financing, credit card processing, and other financing activities. Others segment includes the research and development, train manufacturing and other activities. The company derives most of the revenue from vehicle segment.