Wanma Technology Co (SZSE:300698) Momentum Rank : 6 (As of Jun. 12, 2024)

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What is Wanma Technology Co Momentum Rank?

Wanma Technology Co has the Momentum Rank of 6.

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 Wanma Technology Co's Momentum Rank

For the Communication Equipment subindustry, Wanma 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.

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

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

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

Wanma Technology Co Momentum Rank Related Terms

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Wanma Technology Co (SZSE:300698) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wanma Technology Co Ltd (SZSE:300698) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Wanma Industrial Area, Taihuyuan Town, Lin'an District, Zhejiang Province, Hangzhou, CHN, 311306

Website

http://www.wanma-tech.cn

Wanma Technology Co Ltd is the communications equipment manufacturing company. The principal business activities of the company include development, production, system integration and sales of communication and information equipment. Its products include communications network wiring and information cabinet products and medical information products. Its cabinet products are widely used in communication networks, cloud platform IDC equipment rooms, railway communication networks and urban rail transit communication networks. Its medical information products are mainly used in domestic hospitals.

Executives

Ma Ya Jun	Executives
Xu Ya Guo	Executives
Jiang Yan Jun	Supervisors
Wu Xi Qun	Executives
Yang Yi Qian	Directors, executives
Sheng Tao	Director
Weng Lin Wei	Executives
Shao Guo Jiang	Supervisors

Wanma Technology Co (SZSE:300698) Headlines

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