Ningbo Water Meter (Group) Co (SHSE:603700) Momentum Rank : 2 (As of Jun. 01, 2024)

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What is Ningbo Water Meter (Group) Co Momentum Rank?

Ningbo Water Meter (Group) 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 Ningbo Water Meter (Group) Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, Ningbo Water Meter (Group) 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.

Ningbo Water Meter (Group) Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbo Water Meter (Group) Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ningbo Water Meter (Group) Co's Momentum Rank falls into.

Ningbo Water Meter (Group) Co Momentum Rank Related Terms

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Ningbo Water Meter (Group) Co (SHSE:603700) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Water Meter (Group) Co Ltd (SHSE:603700) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 355, Hongxing Road, Jiangbei District, Ningbo, CHN, 315032

Website

http://www.nwmwatermeters.com

Ningbo Water Meter (Group) Co Ltd is engaged in manufacturing water meters. The product portfolio includes liquid sealed water meters, volumetric rotary piston water meter, manual batch control water meter, multi-jet dry type water meter and others.

Executives

Xu Yun	Director
Wang Kai Ta	Director
Zhang Shi Hao	Director
Wang Zong Hui	Director
Chen Xiang	Supervisors
Zhang Lin	Director
Lin Qi	Supervisors
Chen Hai Hua	Supervisors
Xu Da Wei	senior management
Zhao Shao Man	Director

Ningbo Water Meter (Group) Co (SHSE:603700) Headlines

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