EM (Smart Share Global) Momentum Rank : 5 (As of Dec. 15, 2024)

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What is Smart Share Global Momentum Rank?

Smart Share Global has the Momentum Rank of 5.

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 Smart Share Global's Momentum Rank

For the Personal Services subindustry, Smart Share Global'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.

Smart Share Global's Momentum Rank Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Smart Share Global's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Smart Share Global's Momentum Rank falls into.

Smart Share Global Momentum Rank Related Terms

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Smart Share Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Smart Share Global Ltd (NAS:EM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

799 Tianshan W Road, 6th Floor, Changning District, Shanghai, CHN, 200335

Website

https://www.enmonster.com

Smart Share Global Ltd is a consumer tech company providing mobile device charging service through an extensive online and offline network in China. It provides service through power banks, placed in POIs operated by location partners, such as entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Through the mini-programs, users rent the power banks to carry with them when use the service and can return the power banks at any of the POIs, enabled by the expansive network and powerful technologies.