Eyebright Medical Technology (Beijing) Co (SHSE:688050) Momentum Rank : 8 (As of Mar. 17, 2025)

View and export this data going back to 2020. Start your Free Trial

What is Eyebright Medical Technology (Beijing) Co Momentum Rank?

Eyebright Medical Technology (Beijing) Co has the Momentum Rank of 8.

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.

Competitive Comparison of Eyebright Medical Technology (Beijing) Co's Momentum Rank

For the Medical Instruments & Supplies subindustry, Eyebright Medical Technology (Beijing) 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.

Eyebright Medical Technology (Beijing) Co's Momentum Rank Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Eyebright Medical Technology (Beijing) Co's Momentum Rank falls into.

Eyebright Medical Technology (Beijing) Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Eyebright Medical Technology (Beijing) Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Eyebright Medical Technology (Beijing) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Eyebright Medical Technology (Beijing) Co Ltd (SHSE:688050) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Xingchang Road, Science and Technology Park, Changping District, Beijing, CHN, 102200

Website

http://www.ebmedical.com

Eyebright Medical Technology (Beijing) Co Ltd is engaged in research and development, production, sales and related services of ophthalmic medical devices. The company's product range includes Intraocular Lens; IOL Delivery System; Ophthalmic Instruments; Other Products; Literature; and Expert Interview.

Executives

Jia Bao Shan	senior management
Wang Zhao	Directors, senior managers, core technical personnel
Jie Jiang Bing	Directors, senior managers, core technical personnel

Eyebright Medical Technology (Beijing) Co Headlines

No Headlines