Shenzhen Zhongheng Huafa Co (SZSE:000020) Momentum Rank : 6 (As of Jun. 08, 2024)

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What is Shenzhen Zhongheng Huafa Co Momentum Rank?

Shenzhen Zhongheng Huafa Co has the Momentum Rank of 6.

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 Zhongheng Huafa Co's Momentum Rank

For the Electronic Components subindustry, Shenzhen Zhongheng Huafa 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 Zhongheng Huafa Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Zhongheng Huafa Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shenzhen Zhongheng Huafa Co's Momentum Rank falls into.

Shenzhen Zhongheng Huafa Co Momentum Rank Related Terms

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Shenzhen Zhongheng Huafa Co (SZSE:000020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Zhongheng Huafa Co Ltd (SZSE:000020) » Definitions » Momentum Rank

Traded in Other Exchanges

200020:China

Address

6th Floor, East Block, 411 Building, Huafa (N) Road, Futian District, Guangdong Province, Shenzhen, CHN, 518031

Website

http://www.hwafa.com.cn

Shenzhen Zhongheng Huafa Co Ltd operates in two business industrial and property management. The industrial business mainly includes injection molding, polylon (light-weight packaging materials), and complete machine production and sales of liquid crystal display, and property management business is mainly the lease of its own property. The company engages in producing and sales of vary color TV set, liquid crystal display, LCD, radio-recorder, sound equipment, electronic watch, electronic game and computers, the printed wiring board, precision injection parts, light packaging material and hardware (including tool and mould) for various electronic products and supporting parts, plating and surface treatment and tin wire, development and operation of real estate and property management.

Executives

Huang Yan Bo	Supervisors
Tang Gan Yu	Executives

Shenzhen Zhongheng Huafa Co (SZSE:000020) Headlines

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