BYDIF (BYD Electronic (International) Co) Momentum Rank : 1 (As of Apr. 01, 2025)

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What is BYD Electronic (International) Co Momentum Rank?

BYD Electronic (International) Co has the Momentum Rank of 1.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of BYD Electronic (International) Co's Momentum Rank

For the Electronic Components subindustry, BYD Electronic (International) 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.

BYD Electronic (International) Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, BYD Electronic (International) Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where BYD Electronic (International) Co's Momentum Rank falls into.

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BYD Electronic (International) Co Momentum Rank Related Terms

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BYD Electronic (International) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BYD Electronic (International) Co Ltd (OTCPK:BYDIF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BYDIY:USA 00285:Hong Kong 4BY:Germany

Address

No. 1 Bibao Second Road, Baolong Street, Longgang District, Shenzhen, CHN, 518116

Website

http://www.electronics.byd.com

BYD Electronic (International) Co Ltd is a diversified components supplier and assembler. Spun out from its parent company BYD Company in 2007, BYDE is known for assembling iPads and is a supplier of metal and plastic components to consumer electronic devices such as tablets, laptops, and smartphones. The next leg of growth also comes from hardware used in electric vehicles and Internet of Things devices such as drones, residential energy storage, and smart home devices. BYDE's headquarters are in Shenzhen, China, and it employed around 150,300 people as of Dec. 31, 2023.

BYD Electronic (International) Co Headlines

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