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Megain Holding (Cayman) Co (HKSE:06939) Momentum Rank : 4 (As of Sep. 25, 2024)


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What is Megain Holding (Cayman) Co Momentum Rank?

Megain Holding (Cayman) Co 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 Megain Holding (Cayman) Co's Momentum Rank

For the Computer Hardware subindustry, Megain Holding (Cayman) 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.


Megain Holding (Cayman) Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Megain Holding (Cayman) Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Megain Holding (Cayman) Co's Momentum Rank falls into.



Megain Holding (Cayman) Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Megain Holding (Cayman) Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


Megain Holding (Cayman) Co Business Description

Traded in Other Exchanges
N/A
Address
No. 115 Huawei Road, Block A, Floor 3, Guangdong Province, Zhuhai, CHN, 519000
Megain Holding (Cayman) Co Ltd is an investment holding company engaged in the provision of research, design, development, and sales of compatible cartridge chips based in China. The company's products are the core components of compatible cartridges, which are printer consumables designed and manufactured by third-party cartridge manufacturers and include ink cartridges for use in inkjet printers and toner cartridges for use in laser printers. Its product application includes Desktop laser printers, Desktop inkjet printers, and Commercial printers. The company derives a majority of its revenue from the People's Republic of China.
Executives
Cheng Hsien-wei 2201 Interest of corporation controlled by you
Global Megain Technology Pte. Ltd. 2101 Beneficial owner
Arista Global Ltd. 2103 Interests held jointly with another person
Lee Kuo-chang 2103 Interests held jointly with another person
Good Loyal Corporation 2101 Beneficial owner
Yu Yiding 2201 Interest of corporation controlled by you
Lam Tsz Leung 2101 Beneficial owner

Megain Holding (Cayman) Co Headlines

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