Beijing Zhongkenhuan High-tech Co (SZSE:000970) Momentum Rank : 10 (As of May. 26, 2024)

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What is Beijing Zhongkenhuan High-tech Co Momentum Rank?

Beijing Zhongkenhuan High-tech 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.

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Competitive Comparison of Beijing Zhongkenhuan High-tech Co's Momentum Rank

For the Electronic Components subindustry, Beijing Zhongkenhuan High-tech 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.

Beijing Zhongkenhuan High-tech Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Beijing Zhongkenhuan High-tech Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Beijing Zhongkenhuan High-tech Co's Momentum Rank falls into.

Beijing Zhongkenhuan High-tech Co Momentum Rank Related Terms

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Beijing Zhongkenhuan High-tech Co (SZSE:000970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Beijing Zhongke Sanhuan High-tech Co Ltd (SZSE:000970) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

27th Floor, Building A, No.66 East Road, Zhong Guan Cun, Haidian District, Beijing, CHN, 100190

Website

http://www.san-huan.com.cn

Beijing Zhongke Sanhuan High-tech Co Ltd is a high technology company. It is engaged in researching, developing, manufacturing and marketing magnetic materials and its application devices. Its main products cover sintered Nd-Fe-B magnets, soft ferrites, and electric bicycles. The company's products are widely used in many fields, such as the automobile, household appliance, energy, computer, communication and medical care.

Executives

Liu Fang	Executives
Liu Ying Min	Supervisors
Li Ling	Director
Rao Xiao Lei	Executives
Li Da Jun	Executives
Ma Jian	Executives
Hu Bo Ping	Director
Zhao Yu Gang	Supervisors
Yao Gang	Executives
Zhao Yin Peng	Directors, executives
Wang Zhen Xi	Director
Zhang Wei	Supervisors
Tian Wen Bin	Securities Affairs Representative
Li Jing Hong	Executives
Chen Jian Hua	Director

Beijing Zhongkenhuan High-tech Co (SZSE:000970) Headlines

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