Beijing Paratera Tech (BJSE:839493) Momentum Rank : 0 (As of Sep. 21, 2024)

View and export this data going back to 2023. Start your Free Trial

What is Beijing Paratera Tech Momentum Rank?

Beijing Paratera Tech 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.

Beijing Paratera Tech Momentum Rank Related Terms

Thank you for viewing the detailed overview of Beijing Paratera Tech's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Beijing Paratera Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Paratera Tech Corp Ltd (BJSE:839493) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10 Xibeiwang East Road, Room 101-301, Building 21,3rd Floor, Haidian, Beijing, CHN, 100094

Website

https://www.paratera.com

Beijing Paratera Tech Corp Ltd is a leading domestic supercomputing cloud service and operation service provider, providing supercomputing cloud, industry cloud, intelligence Computing cloud, design simulation cloud and computing resource construction and operation services. As China's national grid service company, a domestic high-tech enterprise, and a dual-software enterprise, Parallel Technology aggregates the computing resources of major supercomputing centers across the country, targeting enterprises and institutions and scientific research institutions in energy, manufacturing, meteorology, scientific research and education, telecommunications, finance, animation, etc. The institute provides supercomputing cloud services.

Beijing Paratera Tech Headlines

No Headlines