Zhiyang Innovation Technology Co (SHSE:688191) Momentum Rank : 6 (As of Mar. 22, 2025)

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What is Zhiyang Innovation Technology Co Momentum Rank?

Zhiyang Innovation Technology Co has the Momentum Rank of 6.

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 Zhiyang Innovation Technology Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, Zhiyang Innovation 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.

Zhiyang Innovation Technology Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhiyang Innovation Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhiyang Innovation Technology Co's Momentum Rank falls into.

Zhiyang Innovation Technology Co Momentum Rank Related Terms

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Zhiyang Innovation Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhiyang Innovation Technology Co Ltd (SHSE:688191) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.135 Zhengtong Road, High-tech Zone, Room 405, Block E, Shandong Province, Zibo, CHN, 255086

Website

http://www.zhiyangcn.cn

Zhiyang Innovation Technology Co Ltd provides an intelligent operation and maintenance analysis and management system that integrates monitoring, management, analysis, early warning, alarm, and linkage. The company's products have covered intelligent operation and maintenance of power grid transmission, transformation, and power distribution.

Executives

Hu Zhi Kun	senior management
Wang Shu Tang	senior management
Bao Chun Fei	senior management
Zhang Wan Zheng	Directors, senior managers
Xu Chuan Lun	Director
Sun Pei Xiang	Director
Liu Guo Yong	Director
Nie Shu Gang	Director
Xu Ke	Director
Chen Xiao Juan	Director

Zhiyang Innovation Technology Co Headlines

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