MicroTech Medical (Hangzhou) Co (HKSE:02235) Momentum Rank : 9 (As of Mar. 03, 2025)

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What is MicroTech Medical (Hangzhou) Co Momentum Rank?

MicroTech Medical (Hangzhou) Co has the Momentum Rank of 9.

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 MicroTech Medical (Hangzhou) Co's Momentum Rank

For the Medical Devices subindustry, MicroTech Medical (Hangzhou) 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.

MicroTech Medical (Hangzhou) Co's Momentum Rank Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, MicroTech Medical (Hangzhou) Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where MicroTech Medical (Hangzhou) Co's Momentum Rank falls into.

MicroTech Medical (Hangzhou) Co Momentum Rank Related Terms

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MicroTech Medical (Hangzhou) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » MicroTech Medical (Hangzhou) Co Ltd (HKSE:02235) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 108 Liuze Street, Cangqian Street, Yuhang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.microtechmd.com

MicroTech Medical (Hangzhou) Co Ltd is engaged in the research and development and manufacturing and commercialization of diabetes management, providing both diabetes treatment and diabetes monitoring medical devices to improve diabetes management in China and the rest of the world. The company derives a majority of its revenue from China.

Executives

Orbimed Asia Partners V, L.p.	2101 Beneficial owner
Orbimed Asia Gp V, L.p.	2201 Interest of corporation controlled by you
Orbimed Advisors V Limited	2201 Interest of corporation controlled by you
Lilly Asia Ventures Fund Ii, L.p.	2201 Interest of corporation controlled by you
Qm32 Limited	2101 Beneficial owner
Qiming Venture Partners V, L.p.	2201 Interest of corporation controlled by you
Qiming Gp V, L.p.	2201 Interest of corporation controlled by you
Qiming Corporate Gp V, Ltd.	2201 Interest of corporation controlled by you
Lilly Asia Ventures Fund Gp, L.p.	2201 Interest of corporation controlled by you
Lav Evergreen (hong Kong) Co., Limited	2101 Beneficial owner
Lav Corporate Gp, Ltd.	2201 Interest of corporation controlled by you
Zheng Pan
Cd Capital Gp Ltd	2201 Interest of corporation controlled by you
Master Summer Limited	2201 Interest of corporation controlled by you
Cdbi Partners Gp, Ltd	2201 Interest of corporation controlled by you

MicroTech Medical (Hangzhou) Co Headlines

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