Shanghai Jiaoda Withub Information Industrial Co (HKSE:08205) Momentum Rank : 1 (As of Jun. 03, 2024)

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What is Shanghai Jiaoda Withub Information Industrial Co Momentum Rank?

Shanghai Jiaoda Withub Information Industrial Co has the Momentum Rank of 1.

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 Shanghai Jiaoda Withub Information Industrial Co's Momentum Rank

For the Software - Application subindustry, Shanghai Jiaoda Withub Information Industrial 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.

Shanghai Jiaoda Withub Information Industrial Co's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Shanghai Jiaoda Withub Information Industrial Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shanghai Jiaoda Withub Information Industrial Co's Momentum Rank falls into.

Shanghai Jiaoda Withub Information Industrial Co Momentum Rank Related Terms

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Shanghai Jiaoda Withub Information Industrial Co (HKSE:08205) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Building A, No. 951 Panyu Road, Shanghai Jiaoda Withub Information Park, Shanghai, CHN, 200030

Website

http://www.withub.com.cn

Shanghai Jiaoda Withub Information Industrial Co Ltd is engaged in computer network and internet security integration, application software development, building intelligent system integration, and information technology products sales agent. The business of company operates through two segments that include Business application project and application software & Sales of Products. The Business Application Project and Application Software segment is engaged in the development and provision of business application project services, including business solutions, application software, installation & maintenance services, and data security products. The Business Application Solutions generate maximum revenue for the company. It offers its services only to the People's Republic of China region.

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