ShiJiaZhuang Kelin Electric Co (SHSE:603050) Momentum Rank : 3 (As of Jun. 21, 2024)

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What is ShiJiaZhuang Kelin Electric Co Momentum Rank?

ShiJiaZhuang Kelin Electric 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 ShiJiaZhuang Kelin Electric Co's Momentum Rank

For the Electronic Components subindustry, ShiJiaZhuang Kelin Electric 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.

ShiJiaZhuang Kelin Electric Co's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where ShiJiaZhuang Kelin Electric Co's Momentum Rank falls into.

ShiJiaZhuang Kelin Electric Co Momentum Rank Related Terms

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ShiJiaZhuang Kelin Electric Co (SHSE:603050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ShiJiaZhuang Kelin Electric Co Ltd (SHSE:603050) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

South Section of Hongqi Street, Luquan District, Hebei Province, Shijiazhuang, CHN, 050222

Website

http://www.kldcop.com

ShiJiaZhuang Kelin Electric Co Ltd manufactures Intelligent Substation System, Distribution Network Automatic System, Comprehensive Automation and Microcomputer Protection System for Substation, Intelligent Dispatching Automation System, Energy Acquisition System, Smart Meter and Distribution Meter, It also produces Photovoltaic Inverter, HV-LV Prepaid System, HV-LV Breaker and Switchgear, HV Combined Transformer, and Prefabricated Substation.

Executives

Zhang Cheng Suo	Director
Qiu Shi Yong	Supervisors
Wang Yong	senior management
Qu Guo Wang	Director
Dong Cai Hong	Director
Li Yan Ru	Director
Song Jian Ling	senior management
Ren Yue Ji	senior management
Jia Li Xia	Supervisors

ShiJiaZhuang Kelin Electric Co (SHSE:603050) Headlines

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