Shenzhen Qingyi Photomask (SHSE:688138) Momentum Rank : 7 (As of Jun. 21, 2024)

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What is Shenzhen Qingyi Photomask Momentum Rank?

Shenzhen Qingyi Photomask has the Momentum Rank of 7.

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 Shenzhen Qingyi Photomask's Momentum Rank

For the Electronic Components subindustry, Shenzhen Qingyi Photomask'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.

Shenzhen Qingyi Photomask's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Qingyi Photomask's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shenzhen Qingyi Photomask's Momentum Rank falls into.

Shenzhen Qingyi Photomask Momentum Rank Related Terms

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Shenzhen Qingyi Photomask (SHSE:688138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Qingyi Photomask Ltd (SHSE:688138) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road Langshang two, North of High-tech Park, Building QingYi Photoelectric, Shenzhen, CHN

Website

http://en.supermask.com/

Shenzhen Qingyi Photomask Ltd is a manufacturer of high precision mask that integrates research, design, production and sales with the technology in China. Its products include TFT, color STN, STN and TNLCD chrome plate mask, EL, OLED chrome plate mask; PDP, VFD chrome plate mask, and IC capsulation, HDI, including chrome plate mask and dry mask, such as BGA, CSP, and BUMPING.

Executives

Hao Ming Yi	Core technical personnel
Hou Hong Hao	Core technical personnel
Xiong Qi Long	Core technical personnel
Qin Shen	senior management
Deng Zhen Yu	Core technical personnel
Chen Hai Ying	Supervisors

Shenzhen Qingyi Photomask (SHSE:688138) Headlines

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