Shareate Tools (SHSE:688257) Momentum Rank : 10 (As of Mar. 23, 2025)

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What is Shareate Tools Momentum Rank?

Shareate Tools has the Momentum Rank of 10.

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 Shareate Tools's Momentum Rank

For the Tools & Accessories subindustry, Shareate Tools'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.

Shareate Tools's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shareate Tools's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shareate Tools's Momentum Rank falls into.

Shareate Tools Momentum Rank Related Terms

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Shareate Tools Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shareate Tools Ltd (SHSE:688257) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

133 Shuangma Street, Weiting Town, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN, 215121

Website

http://www.shareate.com

Shareate Tools Ltd is a national high-tech enterprise, engaged in cemented carbide products and rock drilling tools. Its main products are Rotary Tricone Bit, DTH Hammer & Bit for mining, water well, and oil-field drilling applications, oil drilling, and mining cemented carbide, carbide substrates for PDC bits, petroleum drill bit nozzle, ultra-fine cemented carbide rod, fine grain cutting tools, stamping die plate, cold heading dies, powder metallurgy dies, tungsten carbide tubular welding, wear parts, non-standard parts. It exports to South America, Africa, Australia, Russia, South Korea, the USA, Canada and other countries.

Executives

Yang Han Min	Core technical personnel
Li Ning	Core technical personnel
	senior management
Lu Qing Zhong	Core technical personnel
Liu Yong	senior management
Zhang Yong Qiang	Supervisors
Rao Xiang	senior management
Wu He Hong	Directors, senior managers
Xue You Gang	Supervisors
Yuan Ai	Directors, senior managers
Liu Guo Zhu	Directors, senior managers

Shareate Tools Headlines

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