Hangzhou Zhongheng Electric Co (SZSE:002364) Momentum Rank : 2 (As of Jun. 05, 2024)

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What is Hangzhou Zhongheng Electric Co Momentum Rank?

Hangzhou Zhongheng Electric 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.

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Competitive Comparison of Hangzhou Zhongheng Electric Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, Hangzhou Zhongheng Electric 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.

Hangzhou Zhongheng Electric Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hangzhou Zhongheng Electric Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hangzhou Zhongheng Electric Co's Momentum Rank falls into.

Hangzhou Zhongheng Electric Co Momentum Rank Related Terms

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Hangzhou Zhongheng Electric Co (SZSE:002364) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Zhongheng Electric Co Ltd (SZSE:002364) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 69 Dongxin Avenue, High-tech Zone, Zhongheng Building, Zhijiang Science and Technology Industrial Park, Binjiang District, Hangzhou, CHN, 310053

Website

http://www.hzzh.com

Hangzhou Zhongheng Electric Co Ltd is a China-based provider of electric power informatization software and consulting services. It offers high-frequency switching power systems for the telecommunication, electricity generation, and railway industries. The business segments of the company are Power informatization and Power electronics manufacturing. The products of the company are offered in the categories of power information, electronic manufacturing and energy internet. Its products include power IoT monitoring products, power production lean management products, relay protection setting calculation system, electric vehicle charging station equipment, high-voltage DC power system, energy internet products, and others.

Executives

Zhou Qing Jie	Director
Zhu Guo Ding	Secretary, Director
Zhao Da Chun	Directors, executives
Sun Dan	Directors, executives
Xu Zeng Xin	Executives
Zhang Yong Hao	Director
Xu Yi Jun	Directors, executives
Huang Jing Jing	Supervisors
Chen Zhi Yun	Directors, Directors, and Executives
Song Yu Kun	Securities Affairs Representative
Liao Li Rong	Executives
Qian Tao	Director

Hangzhou Zhongheng Electric Co (SZSE:002364) Headlines

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