Transcom (Shanghai) Technologies Co (BJSE:831961) Momentum Rank : 6 (As of Sep. 24, 2024)

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What is Transcom (Shanghai) Technologies Co Momentum Rank?

Transcom (Shanghai) Technologies 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 Transcom (Shanghai) Technologies Co's Momentum Rank

For the Communication Equipment subindustry, Transcom (Shanghai) Technologies 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.

Transcom (Shanghai) Technologies Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Transcom (Shanghai) Technologies Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Transcom (Shanghai) Technologies Co's Momentum Rank falls into.

Transcom (Shanghai) Technologies Co Momentum Rank Related Terms

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Transcom (Shanghai) Technologies Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Transcom (Shanghai) Technologies Co Ltd (BJSE:831961) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 7, Lane 205, Gaoji Road, Room 110, 1st Floor, 6th, 7th, 8th, 9th Floor, Sijing Town, Songjiang District, Shanghai, CHN

Website

https://www.transcom.net.cn

Transcom (Shanghai) Technologies Co Ltd is an independent research and development, radio frequency communication company. The group focuses on wireless communication, and radio frequency microwave measurement technology field. Its product offerings comprise Signal Generators, Vector Network Analysis, digital direction finding receiver, and among others.

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