Miracle Automation Engineering Co (SZSE:002009) Momentum Rank : 4 (As of Dec. 13, 2024)

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What is Miracle Automation Engineering Co Momentum Rank?

Miracle Automation Engineering Co has the Momentum Rank of 4.

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 Miracle Automation Engineering Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Miracle Automation Engineering 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.

Miracle Automation Engineering Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Miracle Automation Engineering Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Miracle Automation Engineering Co's Momentum Rank falls into.

Miracle Automation Engineering Co Momentum Rank Related Terms

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Miracle Automation Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Miracle Automation Engineering Co Ltd (SZSE:002009) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 288 Luojing Road, Luoshe town, Huishan District, Jiangsu Province, Wuxi, CHN

Website

http://www.chinaconveyor.com

Miracle Automation Engineering Co Ltd is engaged in the design, manufacture, and installation of logistics systems, optical electromechanical integration projects, and a wind power generator in China.

Executives

Li Ming Bo	Executives
Zhang Yu Xing	Secretary, Director
Shen Xian Feng	Executives
Shen Bao Wei	Directors, executives
	Directors, executives
Chou Xue Qin	Executives
Li Feng Bao	Supervisors
Bai Kai Jun	Director
Yang Lei	Directors, executives
Zhang Yuan Xing	Supervisors

Miracle Automation Engineering Co Headlines

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