GL Tech Co (SZSE:300480) Momentum Rank : 1 (As of Jun. 13, 2024)

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What is GL Tech Co Momentum Rank?

GL Tech Co has the Momentum Rank of 1.

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 GL Tech Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, GL Tech 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.

GL Tech Co's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where GL Tech Co's Momentum Rank falls into.

GL Tech Co Momentum Rank Related Terms

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GL Tech Co (SZSE:300480) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » GL Tech Co Ltd (SZSE:300480) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 10 Changchun Road, Zhengzhou High-tech Development Zone, Henan Province, Zhengzhou, CHN, 450001

Website

http://www.gltech.cn

GL Tech Co Ltd develops and produces instruments and complete solutions for the purposes of environmental protection, energy saving, and product safety. Its product line involves three areas: power production, coal mine safety production and semiconductor precision processing and manufacturing. Its products include two categories: safety production monitoring products; power production monitoring and environmental protection products.

Executives

Zhao Tong Yu	Director
Li Zu Qing	Directors, executives
Cao Wei	Secretary Dong
Sun Jian Hua	Director
Zhu Rui Hong	Supervisors
Li Yu Xia	Director
Liu Chun Feng	Executives
Guan Ping Li	Securities Affairs Representative

GL Tech Co (SZSE:300480) Headlines

No Headlines