Dalian My Gym Education Technology Co (SZSE:002621) Momentum Rank : 2 (As of Jun. 06, 2024)

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What is Dalian My Gym Education Technology Co Momentum Rank?

Dalian My Gym Education Technology 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 Dalian My Gym Education Technology Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Dalian My Gym Education Technology 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.

Dalian My Gym Education Technology Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dalian My Gym Education Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Dalian My Gym Education Technology Co's Momentum Rank falls into.

Dalian My Gym Education Technology Co Momentum Rank Related Terms

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Dalian My Gym Education Technology Co (SZSE:002621) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dalian My Gym Education Technology Co Ltd (SZSE:002621) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 33, Aixian Street, Qixianling Industrialization Base, Dalian Hi-tech zone, Dalian, CHN, 116023

Website

http://www.slsj.com.cn

Dalian My Gym Education Technology Co Ltd formerly known as Sunlight Co manufactures and sells machine sets for plastic pipes. Its products include automatic production lines for PE/ PP double wall corrugated pipes and PVC double wall corrugated pipes. The company's products are sold in Southeast Asia, the Middle East, the Africa, the Europe and USA.

Executives

Liu Jun Jun	Directors, executives
Yao Ye	Executives
Wang Zi Feng	Supervisors
Huang Bin	Executives
Shi Wen Ping	Supervisors
Tian En Ze	Executives
Xu Xiao Qiang	Executives
Chen Xin	Director
Jin Bing Duo	Directors, Directors, and Executives
Chen Bao Hua	Supervisors
Liu Ping	Directors, executives
Huang Xi Shan	Executives

Dalian My Gym Education Technology Co (SZSE:002621) Headlines

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