Hangzhou Xili Intelligent Technology Co (SHSE:688616) Momentum Rank : 10 (As of Jun. 23, 2024)

View and export this data going back to 2021. Start your Free Trial

What is Hangzhou Xili Intelligent Technology Co Momentum Rank?

Hangzhou Xili Intelligent 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 Hangzhou Xili Intelligent Technology Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, Hangzhou Xili Intelligent 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.

Hangzhou Xili Intelligent Technology Co's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Hangzhou Xili Intelligent Technology Co's Momentum Rank falls into.

Hangzhou Xili Intelligent Technology Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Hangzhou Xili Intelligent Technology Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Hangzhou Xili Intelligent Technology Co (SHSE:688616) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Xili Intelligent Technology Co Ltd (SHSE:688616) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.173 Liangfu Road, Zhuantang Street, Xihu District, Zhejiang Province, Hangzhou, CHN, 310024

Website

http://www.cnxili.com

Hangzhou Xili Intelligent Technology Co Ltd is engaged in the research and development, production and sales of energy metering products such as smart meters, electricity information collection terminals, and energy metering boxes.

Hangzhou Xili Intelligent Technology Co (SHSE:688616) Headlines

No Headlines