ChengduRO Technology Co (SZSE:300101) Momentum Rank : 2 (As of May. 29, 2024)

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What is ChengduRO Technology Co Momentum Rank?

ChengduRO 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 ChengduRO Technology Co's Momentum Rank

For the Communication Equipment subindustry, ChengduRO 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.

ChengduRO Technology Co's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where ChengduRO Technology Co's Momentum Rank falls into.

ChengduRO Technology Co Momentum Rank Related Terms

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ChengduRO Technology Co (SZSE:300101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu CORPRO Technology Co Ltd (SZSE:300101) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

GoldTel Park, West High-Tech Zone, Chengdu, Sichuan, CHN, 611731

Website

http://www.corpro.cn

Chengdu CORPRO Technology Co Ltd is engaged in the manufacturing and distribution of communication and related equipment. The main products include key components of Beidou satellite navigation application, high-performance integrated circuit, Beidou satellite navigation terminal and Beidou satellite navigation and positioning application system.

Executives

Xie Jun	Director
Mo Ran	Director
Hu Biao	Supervisors
Mo Xiao Yu	Director
Yang Guo Yong	Directors, Directors, and Executives
Yan Hong Lin	Executives
Yang Zhang	Director
Xu Yi	Directors, executives
Zhao Ze Song	Independent director
Chen Tian Hui	Director
Wei Jian Ping	Director
Jiang Cai	Director

ChengduRO Technology Co (SZSE:300101) Headlines

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