GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shining Victory Motor Electronic Co Ltd (ROCO:2248) » Definitions » Momentum Rank

Shining Victory Motor Electronic Co (ROCO:2248) Momentum Rank : 3 (As of Jun. 23, 2024)


View and export this data going back to 2018. Start your Free Trial

What is Shining Victory Motor Electronic Co Momentum Rank?

Shining Victory Motor Electronic Co has the Momentum Rank of 3.

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 Shining Victory Motor Electronic Co's Momentum Rank

For the Auto Parts subindustry, Shining Victory Motor Electronic 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.


Shining Victory Motor Electronic Co's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shining Victory Motor Electronic Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shining Victory Motor Electronic Co's Momentum Rank falls into.



Shining Victory Motor Electronic Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Shining Victory Motor Electronic Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


Shining Victory Motor Electronic Co (ROCO:2248) Business Description

Traded in Other Exchanges
N/A
Address
No.1199, Xinxing 2nd Road, Economic Development Zone, Zhejiang Province, Pinghu, CHN
Shining Victory Motor Electron is a Chinese holding company that operates in the auto industry. The company through its holding is engaged in manufacturing auto parts, photoelectric products, and car decoration products. Its products offerings include Interior Ambient Lamp Series, LED Photoelectric Series, Interior/ exterior Decoration, and Refitted vehicle series all used in auto industry.

Shining Victory Motor Electronic Co (ROCO:2248) Headlines

No Headlines