China Display Optoelectronics Technology Holdings (HKSE:00334) Momentum Rank : 4 (As of May. 25, 2024)

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What is China Display Optoelectronics Technology Holdings Momentum Rank?

China Display Optoelectronics Technology Holdings has the Momentum Rank of 4.

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 China Display Optoelectronics Technology Holdings's Momentum Rank

For the Electronic Components subindustry, China Display Optoelectronics Technology Holdings'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.

China Display Optoelectronics Technology Holdings's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, China Display Optoelectronics Technology Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Display Optoelectronics Technology Holdings's Momentum Rank falls into.

China Display Optoelectronics Technology Holdings Momentum Rank Related Terms

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China Display Optoelectronics Technology Holdings (HKSE:00334) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Display Optoelectronics Technology Holdings Ltd (HKSE:00334) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PJJ1:Germany

Address

No.23, ZhongKai High-Tech District, Guangdong Province, HuiZhou, CHN, 516006

Website

http://www.cdoth8.com

China Display Optoelectronics Technology Holdings Ltd is an investment holding company. It operates in a single segment, display product, which manufactures and sells LCD module products. It focuses on thin-film transistor-liquid crystal display (TFT-LCD), the capacitive touch panel (CTP) display development, production, and sales of modules, and provides a range of products LCD module technology, and manufacturing support services. The company's geographical segments are Mainland China, Hong Kong, and Thailand, of which the majority of its revenues come from Hong Kong.

Executives

Tcl China Star Optoelectronics Technology Co., Ltd.
Tcl Technology Group Corporation (formerly Known As Tcl Corporation)

China Display Optoelectronics Technology Holdings (HKSE:00334) Headlines

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