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Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Momentum Rank : 0 (As of Jun. 23, 2024)


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What is Shanghai W-Ibeda High Tech Group Co Momentum Rank?

Shanghai W-Ibeda High Tech Group Co has the Momentum Rank of 0.

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.


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Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Business Description

Traded in Other Exchanges
N/A
Address
No. 400 Fangchun Road, Room 301-206, 3rd Floor, Building 1, Pilot Free Trade Zone, Shanghai, CHN, 201202
Shanghai W-Ibeda High Tech Group Co Ltd is engaged in the research and development, design, manufacturing, sales and provision of related testing services for intelligent test equipment for automotive powertrains.
Executives
Wang Yu Core technical personnel
Pan Min Director
Zhang Jie Ping Core technical personnel
Core technical personnel

Shanghai W-Ibeda High Tech Group Co (SHSE:688071) Headlines

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