Shenzhen Auto Electric Power Plant Co (SZSE:002227) Momentum Rank : 2 (As of May. 21, 2024)

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What is Shenzhen Auto Electric Power Plant Co Momentum Rank?

Shenzhen Auto Electric Power Plant Co has the Momentum Rank of 2.

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 Shenzhen Auto Electric Power Plant Co's Momentum Rank

For the Consumer Electronics subindustry, Shenzhen Auto Electric Power Plant 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.

Shenzhen Auto Electric Power Plant Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Auto Electric Power Plant Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shenzhen Auto Electric Power Plant Co's Momentum Rank falls into.

Shenzhen Auto Electric Power Plant Co Momentum Rank Related Terms

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Shenzhen Auto Electric Power Plant Co (SZSE:002227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Auto Electric Power Plant Co Ltd (SZSE:002227) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 29 Gaoxin South 1st Road, Factory Building, South Blcok, 2F, Nanshan District, Shenzhen, Guangdong, CHN, 518057

Website

http://www.atc-a.com

Shenzhen Auto Electric Power Plant Co Ltd operates in the power industry segment. The company is engaged in the research, development, manufacture, and sale of electric automatic power supply equipment. It provides electric car charging equipment; and an electric car charging station, industrial power supply, and nuclear safety level charging power supply products.

Shenzhen Auto Electric Power Plant Co (SZSE:002227) Headlines

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