Zhejiang Gongdong Medical Technology Co (SHSE:605369) Momentum Rank : 10 (As of Sep. 21, 2024)

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What is Zhejiang Gongdong Medical Technology Co Momentum Rank?

Zhejiang Gongdong Medical Technology Co has the Momentum Rank of 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.

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

Competitive Comparison of Zhejiang Gongdong Medical Technology Co's Momentum Rank

For the Medical Instruments & Supplies subindustry, Zhejiang Gongdong Medical Technology 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.

Zhejiang Gongdong Medical Technology Co's Momentum Rank Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Zhejiang Gongdong Medical Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhejiang Gongdong Medical Technology Co's Momentum Rank falls into.

Zhejiang Gongdong Medical Technology Co Momentum Rank Related Terms

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Zhejiang Gongdong Medical Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Zhejiang Gongdong Medical Technology Co Ltd (SHSE:605369) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10 Beiyuan Avenue, Huangyan District, Zhejiang Province, Taizhou, CHN, 318020

Website

http://www.chinagongdong.com

Zhejiang Gongdong Medical Technology Co Ltd is engaged in production and sales of disposable medical devices, and medical testing supplies. The company's products include Vacuum Blood collection system; Specimen Collection system; Petri Dish Family; Centrifugation Tube; Vaginal Speculum; Surgical Supplies; Pipette tip; Transfer Pipette; Test Tube; Test Tube Racks; and Colorimetric Cup.

Executives

Jiang Xi Xi	senior management
Zhong Wei Feng	Directors, senior managers
Gao Yuan	senior management
Jin Shi Wei	Directors, senior managers
Shi Hui Yong	Director

Zhejiang Gongdong Medical Technology Co Headlines

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