Hengdian Group Tospo Lighting Co (SHSE:603303) Momentum Rank : 9 (As of Jun. 25, 2024)

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What is Hengdian Group Tospo Lighting Co Momentum Rank?

Hengdian Group Tospo Lighting Co has the Momentum Rank of 9.

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 Hengdian Group Tospo Lighting Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, Hengdian Group Tospo Lighting 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.

Hengdian Group Tospo Lighting Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hengdian Group Tospo Lighting Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hengdian Group Tospo Lighting Co's Momentum Rank falls into.

Hengdian Group Tospo Lighting Co Momentum Rank Related Terms

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Hengdian Group Tospo Lighting Co (SHSE:603303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hengdian Group Tospo Lighting Co Ltd (SHSE:603303) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Zhejiang Province Hengdian Electronic Industrial Park, Dongyang, CHN, 322118

Website

http://www.tospolighting.com.cn

Hengdian Group Tospo Lighting Co Ltd is a Chinese company engaged in designing and installation of lighting products. It provides LED light source products, interior lighting, professional lamps and lanterns, lighting control, structural components and other lighting products. LED light source products cover all kinds of bulbs, spotlights and decorative lights.

Executives

Wu Yi Xin	senior management
Ni Qiang	Director

Hengdian Group Tospo Lighting Co (SHSE:603303) Headlines

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