Honey Hope Honesty Enterprise Co (ROCO:8043) Momentum Rank : 4 (As of May. 05, 2024)

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What is Honey Hope Honesty Enterprise Co Momentum Rank?

Honey Hope Honesty Enterprise Co has the Momentum Rank of 4.

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 Honey Hope Honesty Enterprise Co's Momentum Rank

For the Electronic Components subindustry, Honey Hope Honesty Enterprise 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.

Honey Hope Honesty Enterprise Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Honey Hope Honesty Enterprise Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Honey Hope Honesty Enterprise Co's Momentum Rank falls into.

Honey Hope Honesty Enterprise Co Momentum Rank Related Terms

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Honey Hope Honesty Enterprise Co (ROCO:8043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Honey Hope Honesty Enterprise Co Ltd (ROCO:8043) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

8th floor, Number 316, Section 1, Neihu Road, Neihu District, Taipei, TWN

Website

https://www.threehhh.com.tw

Honey Hope Honesty Enterprise Co Ltd is engaged in the distribution of professional electronic components. The company focuses on trading of electronic parts and agency for the distribution of domestic and foreign manufacturers' products in Taiwan and Asia. It distributes multilayer capacitors, chip inductors, chip Pai Yung, High-Frequency Chip Inductors and others.

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