Addcn Technology Co (ROCO:5287) Momentum Rank : 10 (As of Apr. 26, 2024)

View and export this data going back to 2014. Start your Free Trial

What is Addcn Technology Co Momentum Rank?

Addcn Technology Co has the Momentum Rank of 10.

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 Addcn Technology Co's Momentum Rank

For the Internet Content & Information subindustry, Addcn Technology 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.

Addcn Technology Co's Momentum Rank Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Addcn Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Addcn Technology Co's Momentum Rank falls into.

Addcn Technology Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Addcn Technology Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Addcn Technology Co (ROCO:5287) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Addcn Technology Co Ltd (ROCO:5287) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 12, Section 5, Lane 609, Chugshin Road, 10th Floor,, Sanchong District, New Taipei, TWN, 241

Website

https://www.addcn.com

Addcn Technology Co Ltd operates an Internet trading platform and online apparel retail businesses. The company operates www.8591.com.tw, a game item trading platform; www.591.com.tw, a housing leasing network; www.8891.com.tw, a used car trading network, and an HR channel for small and middle enterprises platform, a part-time job APP platform and a platform for interior design. Geographically, it derives a majority of its revenue from Taiwan.

Addcn Technology Co (ROCO:5287) Headlines

No Headlines