Wuxi Autowell Technology Co (SHSE:688516) Momentum Rank : 10 (As of Jun. 08, 2024)

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What is Wuxi Autowell Technology Co Momentum Rank?

Wuxi Autowell Technology Co has the Momentum Rank of 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Wuxi Autowell Technology Co's Momentum Rank

For the Semiconductor Equipment & Materials subindustry, Wuxi Autowell 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.

Wuxi Autowell Technology Co's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Wuxi Autowell Technology Co's Momentum Rank distribution charts can be found below:

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

Wuxi Autowell Technology Co Momentum Rank Related Terms

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Wuxi Autowell Technology Co (SHSE:688516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Wuxi Autowell Technology Co Ltd (SHSE:688516) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 25 Zhujiang Road, New District, Jiangsu Province, Wuxi, CHN

Website

http://www.wxautowell.com

Wuxi Autowell Technology Co Ltd is an automation solution provider. The company provides photovoltaic companies with string welding machines, laser scribing machines, silicon wafer sorting machines and other automation equipment. Its products include Photovoltaic equipment and Lithium battery equipment.

Executives

Zhu Xiong Hui	Director
Meng Chun Jin	Supervisors
Jiang Xuan	Core technical personnel
Cheng Lin Xing	Core technical personnel

Wuxi Autowell Technology Co (SHSE:688516) Headlines

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