Shanghai Weimao Electronic Co (BJSE:833346) Momentum Rank : 3 (As of Jun. 05, 2024)

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What is Shanghai Weimao Electronic Co Momentum Rank?

Shanghai Weimao Electronic Co has the Momentum Rank of 3.

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 Shanghai Weimao Electronic Co's Momentum Rank

For the Electronic Components subindustry, Shanghai Weimao Electronic 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.

Shanghai Weimao Electronic Co's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Shanghai Weimao Electronic Co's Momentum Rank falls into.

Shanghai Weimao Electronic Co Momentum Rank Related Terms

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Shanghai Weimao Electronic Co (BJSE:833346) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shanghai Weimao Electronic Co Ltd (BJSE:833346) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 28 and 38 Liandong Road, Qingpu District, Shanghai, CHN, 201716

Website

http://www.shwmdz.com

Shanghai Weimao Electronic Co Ltd is a manufacturer of electronic components. Its main products include electronic wire, wire harness components, vehicle system wiring harness, plastic parts, PCBA, and winding coil. Its products are widely used in high-end industries like automotive, new energy vehicles, environmentally friendly green energy, robot, high-speed rail, scale, and household appliances.

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