Inscobee (XKRX:006490) Momentum Rank : 8 (As of Apr. 29, 2024)

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What is Inscobee Momentum Rank?

Inscobee 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 Inscobee's Momentum Rank

For the Telecom Services subindustry, Inscobee'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.

Inscobee's Momentum Rank Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Inscobee's Momentum Rank distribution charts can be found below:

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

Inscobee Momentum Rank Related Terms

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

Inscobee (XKRX:006490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Inscobee Inc (XKRX:006490) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

401, Hakdong-ro, Gangnam-gu, Seoul, KOR

Website

http://www.inscobee.com

Inscobee Inc is a Korea based company. Its business activities are divided into four divisions including Smart Grid business, MVNO( Mobile Virtual Network Operator) business, Bio business and Distribution business. Smart Grid business develops smart grid system that improves the quality of electric power and decreases electricity consumption to reduce carbon footprint. MVNO division provides prepaid and postpaid options for mobile network operators. Bio business is engaged in developing bio medicines, cervical cancer vaccine, papillomavirus vaccine, cosmaceutical products, and nutraceutical products. Distribution division consists of watch business that supplies retailers with different branded watches including Dolphin, Odin and Handok.

Inscobee (XKRX:006490) Headlines

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