Changchun Up Optotech Co (SZSE:002338) Momentum Rank : 2 (As of Jun. 15, 2024)

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What is Changchun Up Optotech Co Momentum Rank?

Changchun Up Optotech 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 Changchun Up Optotech Co's Momentum Rank

For the Scientific & Technical Instruments subindustry, Changchun Up Optotech 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.

Changchun Up Optotech Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Changchun Up Optotech Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Changchun Up Optotech Co's Momentum Rank falls into.

Changchun Up Optotech Co Momentum Rank Related Terms

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Changchun Up Optotech Co (SZSE:002338) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Changchun Up Optotech Co Ltd (SZSE:002338) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 YingKou Road, Changchun Economic Technology Development Zone, changchun, CHN

Website

http://www.up-china.com

Changchun Up Optotech Co Ltd is engaged in the development, production, and sales of photoelectric measuring and controlling instruments, new medical testing instruments, and optical materials. The products of the company include TV goniometer, an antenna base, photoelectric theodolite optical subsystem, radar antenna base, and K9 optical glass.

Executives

Zhang Yan Hui	Executives
Sheng Shou Qing	Executives
Li Jun Yi	Executives
Wang Xiao Dong	Secretary Dong
Song Zhi Yi	Director
Ma Ming Ya	Director

Changchun Up Optotech Co (SZSE:002338) Headlines

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