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Guangzhou Risong Intelligent Technology Holding Co (SHSE:688090) Momentum Rank : 3 (As of Oct. 31, 2024)


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What is Guangzhou Risong Intelligent Technology Holding Co Momentum Rank?

Guangzhou Risong Intelligent Technology Holding Co has the Momentum Rank of 3.

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 Guangzhou Risong Intelligent Technology Holding Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Guangzhou Risong Intelligent Technology Holding 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.


Guangzhou Risong Intelligent Technology Holding Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangzhou Risong Intelligent Technology Holding Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Guangzhou Risong Intelligent Technology Holding Co's Momentum Rank falls into.



Guangzhou Risong Intelligent Technology Holding Co Momentum Rank Related Terms

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Guangzhou Risong Intelligent Technology Holding Co Business Description

Traded in Other Exchanges
N/A
Address
No.188 Ruixiang Road, Huangpu District, Guangdong Province, Guangzhou, CHN, 510535
Guangzhou Risong Intelligent Technology Holding Co Ltd is engaged in research and development, manufacturing, application, sales and service in the field of robotics and intelligent manufacturing. The company manufactures industrial robots; industrial automatic control system devices; special equipment for the electronics industry; special equipment for environmental protection; special equipment for electrical machinery; metal structures; metal cutting and welding equipment.
Executives
Tang Guo Bao Core technical personnel
He Yan Bing Core technical personnel
Chen Ya Yi senior management
Liu Yi Core technical personnel
Luo Yuan Supervisors
Zheng De Lun senior management
Yan Xue Tao Director
Liu Er Bin Directors, senior managers

Guangzhou Risong Intelligent Technology Holding Co Headlines

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