Asia Pacific Wire & Cable (Asia Pacific Wire & Cable) Momentum Rank : 2 (As of Apr. 26, 2024)

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What is Asia Pacific Wire & Cable Momentum Rank?

Asia Pacific Wire & Cable has the Momentum Rank of 2.

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 Asia Pacific Wire & Cable's Momentum Rank

For the Electrical Equipment & Parts subindustry, Asia Pacific Wire & Cable'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.

Asia Pacific Wire & Cable's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Asia Pacific Wire & Cable's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Asia Pacific Wire & Cable's Momentum Rank falls into.

Asia Pacific Wire & Cable Momentum Rank Related Terms

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Asia Pacific Wire & Cable (Asia Pacific Wire & Cable) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Asia Pacific Wire & Cable Corp Ltd (NAS:APWC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dunhua South Road, 15th Floor, B, No. 77, Section. 2, Taipei, TWN, 106

Website

https://www.apwcc.com

Asia Pacific Wire & Cable Corp Ltd is a holding company. It is principally engaged in owning operating companies engaged in the power cable, telecommunication cable, enameled wire, and electronic cable industry. It also provides project engineering services to customers. Some of its products are Bare wires, Power cables, Communication cables, Electronic wires & cables, and Enamelled wires. The company's geographical segments are North Asia, Thailand, and Rest of the World.

Executives