Jiangsu Hagong Intelligent Robot Co (SZSE:000584) Momentum Rank : 2 (As of Jun. 23, 2024)

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What is Jiangsu Hagong Intelligent Robot Co Momentum Rank?

Jiangsu Hagong Intelligent Robot Co has the Momentum Rank of 2.

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 Jiangsu Hagong Intelligent Robot Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Jiangsu Hagong Intelligent Robot 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.

Jiangsu Hagong Intelligent Robot Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Hagong Intelligent Robot Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Jiangsu Hagong Intelligent Robot Co's Momentum Rank falls into.

Jiangsu Hagong Intelligent Robot Co Momentum Rank Related Terms

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Jiangsu Hagong Intelligent Robot Co (SZSE:000584) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Hagong Intelligent Robot Co Ltd (SZSE:000584) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1799 Wuzhong Road, No. 808, 8th Floor, Block D, The Mixc, Minhang District, Shanghai, CHN

Website

http://www.hgzngroup.com

Jiangsu Hagong Intelligent Robot Co Ltd is a company with high-end intelligent manufacturing and industrial robots as its main business and artificial intelligence as its research direction. It includes three sections namely high-end intelligent equipment manufacturing, one-stop cloud service platform of industrial robots and artificial intelligence robots.

Executives

Wang Da Yong	Executives
Ma Pei Lin	Director
Pan Su Ming	Directors, Directors, and Executives
Hong Fu Sheng	Director

Jiangsu Hagong Intelligent Robot Co (SZSE:000584) Headlines

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