Leoch International Technology (HKSE:00842) Momentum Rank : 8 (As of May. 13, 2024)

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What is Leoch International Technology Momentum Rank?

Leoch International Technology has the Momentum Rank of 8.

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 Leoch International Technology's Momentum Rank

For the Electrical Equipment & Parts subindustry, Leoch International Technology'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.

Leoch International Technology's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Leoch International Technology's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Leoch International Technology's Momentum Rank falls into.

Leoch International Technology Momentum Rank Related Terms

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Leoch International Technology (HKSE:00842) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Leoch International Technology Ltd (HKSE:00842) » Definitions » Momentum Rank

Traded in Other Exchanges

0LT:Germany

Address

No. 83, Zhanjing Road, Zhonggang Plaza, Exhibition Bay, 14th Floor, Block A, Tower 6, Fuyong Airport New City South, Baoan District, Shenzhen, CHN

Website

https://www.leoch.com

Leoch International Technology Ltd is a vertically integrated enterprise. It is engaged in the development, sale, and manufacture of lead-acid batteries, recycled lead products, and others. Its product portfolio under lead-acid batteries consists of reserve power batteries, SLI batteries, motive power batteries, and others. The lead-acid-based reserve power batteries generate a vast majority of revenue for the company. Geographically, the company offers its services to China, Europe, the Middle East and Africa, the Americas, and Asia-Pacific, out of which China is the key revenue driver.

Leoch International Technology (HKSE:00842) Headlines

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