AUO (AUOTY) Momentum Rank : 8 (As of Apr. 24, 2024)

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What is AUO Momentum Rank?

AUO has the Momentum Rank of 8.

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 AUO's Momentum Rank

For the Electronic Components subindustry, AUO'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.

AUO's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AUO's Momentum Rank distribution charts can be found below:

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

AUO Momentum Rank Related Terms

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AUO (AUOTY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AUO Corp (OTCPK:AUOTY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

2409:Taiwan AU7:Germany

Address

No. 1, Li-Hsin Road 2, Hsinchu Science Park, Hsinchu, TWN, 300094

Website

https://www.auo.com

AUO Corp is a Taiwan-based company that manufactures & distributes thin-film-transistor liquid-crystal-display (TFT-LCD) panels to original equipment manufacturers. The display segment generally is engaged in the research, development, design, manufacturing, & sale of flat panel displays. The energy segment mainly is engaged in the design, manufacturing, and sale of ingots, solar wafers, and solar modules, as well as providing technical engineering services and maintenance services for solar system projects AU Optronics has manufacturing facilities in Taiwan, Japan, and Malaysia. It operates in two segments - The display segment & energy segment, the majority is derived from the Display segment. Geographically, the majority is from the PRC (including Hong Kong).