Shenzhen GuoHua Network Security Technology Co (SZSE:000004) Momentum Rank : 1 (As of May. 25, 2024)

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What is Shenzhen GuoHua Network Security Technology Co Momentum Rank?

Shenzhen GuoHua Network Security Technology Co has the Momentum Rank of 1.

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 Shenzhen GuoHua Network Security Technology Co's Momentum Rank

For the Biotechnology subindustry, Shenzhen GuoHua Network Security 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.

Shenzhen GuoHua Network Security Technology Co's Momentum Rank Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Shenzhen GuoHua Network Security Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shenzhen GuoHua Network Security Technology Co's Momentum Rank falls into.

Shenzhen GuoHua Network Security Technology Co Momentum Rank Related Terms

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Shenzhen GuoHua Network Security Technology Co (SZSE:000004) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Shenzhen GuoHua Network Security Technology Co Ltd (SZSE:000004) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.126, Zhongkang Road, Meilin Street, B2206A, Zhuoyuehui, Zhuoyuehui, Meidu Community, Futian District, Guangdong, Shenzhen, CHN, 518049

Website

Shenzhen GuoHua Network Security Technology Co Ltd formerly known as Shenzhen Cau Technology Co Ltd is principally engaged in the R&D and manufacturing of biological drugs, as well as mobile internet gaming business.

Executives

Li Lin Lin	Directors, executives
Xu Wen Su	Directors, executives
Tang Yin Ping	Supervisors
Jiang Yu Ming	Director
Zhang Hua	Director, within half a year of separation

Shenzhen GuoHua Network Security Technology Co (SZSE:000004) Headlines

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