Henan Thinker Automatic Equipment Co (SHSE:603508) Momentum Rank : 3 (As of May. 25, 2024)

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What is Henan Thinker Automatic Equipment Co Momentum Rank?

Henan Thinker Automatic Equipment 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 Henan Thinker Automatic Equipment Co's Momentum Rank

For the Scientific & Technical Instruments subindustry, Henan Thinker Automatic Equipment 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.

Henan Thinker Automatic Equipment Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Henan Thinker Automatic Equipment Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Henan Thinker Automatic Equipment Co's Momentum Rank falls into.

Henan Thinker Automatic Equipment Co Momentum Rank Related Terms

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Henan Thinker Automatic Equipment Co (SHSE:603508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Henan Thinker Automatic Equipment Co Ltd (SHSE:603508) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 97, Science Avenue, High-tech Zone, Henan Province, Zhengzhou, CHN, 450001

Website

http://www.hnthinker.com

Henan Thinker Automatic Equipment Co Ltd is engaged in Software and IT services. Its products include LKJ2000 train running monitor device, Wireless Shunting Locomotive Signaling and monitoring systems, and among others.

Executives

Sun Kun	senior management
Wang Pei Zeng	Supervisors
Su Zhan Zhan	senior management
Fang Wei	Director
Jie Zong Guang	Director
Zhao Jian Zhou	Director
Li Xin	Director
Wang Wei Ping	Director
Guo Jie	Director
Xu Jing Sheng	senior management
Luo Yong Jin	Supervisors
Qin Wei	senior management
Gao Ya Ju	senior management

Henan Thinker Automatic Equipment Co (SHSE:603508) Headlines

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