Zhejiang Rongtai Electric Material Co (SHSE:603119) Momentum Rank : 0 (As of May. 04, 2025)

View and export this data going back to 2023. Start your Free Trial

What is Zhejiang Rongtai Electric Material Co Momentum Rank?

Zhejiang Rongtai Electric Material Co has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Zhejiang Rongtai Electric Material Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Zhejiang Rongtai Electric Material Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Rongtai Electric Material Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhejiang Rongtai Electric Material Co Ltd (SHSE:603119) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 308, Zhongxing Road, Fengqiao Town, Nanhu, Zhejiang, Jiaxing, CHN, 314007

Website

https://www.glorymica.com

Zhejiang Rongtai Electric Material Co Ltd is a high-tech enterprise specializing in the research, development, production, and sales of new composite materials of high temperature resistant insulating mica with multiple plants in Zhejiang and Hunan, and is one of the global market leaders in mica products. Its main products include mica rigid materials, flexible materials, heat generating components, thermal management mica safety components and various mica derivative products. its mica products are widely used in new energy vehicles, rail transportation, aerospace and military ships, special wires and cables, intelligent household appliances and other related industrial fields, and provide customers with professional one-stop system solutions for electrical and thermal insulation.

Executives

Zheng Min Min	Director
Ge Tai Rong	Director
Cao Mei Sheng	Director
Jing Fei	Director

Zhejiang Rongtai Electric Material Co Headlines

No Headlines