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Focused Photonics (Hangzhou) (SZSE:300203) Momentum Rank : 4 (As of May. 27, 2024)


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What is Focused Photonics (Hangzhou) Momentum Rank?

Focused Photonics (Hangzhou) has the Momentum Rank of 4.

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 Focused Photonics (Hangzhou)'s Momentum Rank

For the Scientific & Technical Instruments subindustry, Focused Photonics (Hangzhou)'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.


Focused Photonics (Hangzhou)'s Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Focused Photonics (Hangzhou)'s Momentum Rank distribution charts can be found below:

* The bar in red indicates where Focused Photonics (Hangzhou)'s Momentum Rank falls into.



Focused Photonics (Hangzhou) Momentum Rank Related Terms

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Focused Photonics (Hangzhou) (SZSE:300203) Business Description

Traded in Other Exchanges
N/A
Address
459 Qian'mo Road, Binjiang District, Zhejiang Province, Hangzhou, CHN, 310051
Focused Photonics (Hangzhou) Inc. is engaged in R&D, manufacture, and distribution of instruments which are widely used in safety monitoring and environmental protection. It measures gas, air, dust, and water. The company offers its products for use in marine, engine, refinery, chemical, natural gas, iron and steel, power plant, waste incineration, cement, and emission applications. Its products are well known in China and distributed worldwide.
Executives
Gu Hai Tao Director
Han Shuang Lai Directors, executives
Wei Jun Zheng Supervisors
Yao Na Xin Directors, executives
Wang Jian Directors, executives
Sun You Xian Independent director

Focused Photonics (Hangzhou) (SZSE:300203) Headlines

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