Monte Bianco Diamond Applications Co (BJSE:836807) Momentum Rank : 0 (As of Dec. 12, 2024)

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What is Monte Bianco Diamond Applications Co Momentum Rank?

Monte Bianco Diamond Applications Co has the Momentum Rank of 0.

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.

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Monte Bianco Diamond Applications Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Monte Bianco Diamond Applications Co Ltd (BJSE:836807) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7, Xingye 8th Road, Guanglong Industrial Park, Chencun Town, Shunde District, Guangdong Province, Foshan City, CHN, 528313

Website

http://www.monte-bianco.com

Monte Bianco Diamond Applications Co Ltd focuses on the research, development, production, and sales of superhard material products. The company's products include diamond tools, rare earth permanent magnet components, and silicon carbide tools which are widely used in the processing of hard and brittle materials such as ceramic stone, precision machinery parts processing, magnetic materials, 3C product processing, and other fields.

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