Macmic Science & Technology Co (SHSE:688711) Momentum Rank : 0 (As of Jun. 04, 2024)

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What is Macmic Science & Technology Co Momentum Rank?

Macmic Science & Technology Co has the Momentum Rank of 0.

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.

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Macmic Science & Technology Co (SHSE:688711) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Macmic Science & Technology Co Ltd (SHSE:688711) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Huashan Middle Road,, Jiangsu Province, Changzhou, CHN, 213022

Website

http://www.macmicst.com

Macmic Science & Technology Co Ltd is engaged in the design, research and development, production and sales of power semiconductor chips, single tubes, modules and power modules based on IGBT and FRED.

Executives

Yu Yi Zhang	Core technical personnel
Xu Chun Feng	senior management
Li Si Ping	Director
Chang Dong Lai	senior management
Ding Zi Wen	Directors, senior managers
Liu Li Feng	Directors, senior managers
Wang Xiao Bao	Senior management, core technical personnel

Macmic Science & Technology Co (SHSE:688711) Headlines

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