Tsinghua Tongfang Co (SHSE:600100) Momentum Rank : 2 (As of May. 12, 2024)

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What is Tsinghua Tongfang Co Momentum Rank?

Tsinghua Tongfang Co has the Momentum Rank of 2.

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 Tsinghua Tongfang Co's Momentum Rank

For the Computer Hardware subindustry, Tsinghua Tongfang 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.

Tsinghua Tongfang Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tsinghua Tongfang Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tsinghua Tongfang Co's Momentum Rank falls into.

Tsinghua Tongfang Co Momentum Rank Related Terms

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Tsinghua Tongfang Co (SHSE:600100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tsinghua Tongfang Co Ltd (SHSE:600100) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Wangzhuang Road, 30th Floor, Tower A, Tsinghua Tongfang Technology Building, Haidian District, Beijing, CHN, 100083

Website

http://www.thtf.com.cn

Tsinghua Tongfang Co Ltd is a China-based company primarily engaged in the business of manufacturing personal computers. It develops computers, internet applications, microelectronics, radio frequency technology, multimedia, semiconductors, lighting, digital TVs and environmental technology products. The company also provides intelligence and information services for many buildings, subway lines, and high-speed rail passenger stations. The company is involved in the public safety industry, industrial manufacturing industry, lighting industry, science, and technology park and other businesses.

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