Hengbao Co (SZSE:002104) Momentum Rank : 2 (As of Jun. 19, 2024)

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What is Hengbao Co Momentum Rank?

Hengbao 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 Hengbao Co's Momentum Rank

For the Business Equipment & Supplies subindustry, Hengbao 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.

Hengbao Co's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Hengbao Co's Momentum Rank falls into.

Hengbao Co Momentum Rank Related Terms

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Hengbao Co (SZSE:002104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hengbao Co Ltd (SZSE:002104) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Hengtang Industrial Zone, Danyang, Jiangsu, CHN, 212355

Website

http://www.hengbao.com

Hengbao Co Ltd is engaged in a wide range of smart card products and technology solutions in China. Its business and products include banking IC card, telecommunication IC card, mobile payment product, online payment terminal, magnetic card, password card, ticket, Internet of Things, platform system, information security services and solutions.

Executives

Jiang Xiao Ping	Supervisors
Gan Ling	Supervisors
Zhao Zhang Jian	Directors, executives
Gao Shan	Director
Zhong Ying Jiu	Executives
Zhang Jian Ming	Directors, executives
Cao Zhi Xin	Directors, executives
Zhang Dong Yang	Director
Qian Yun Bao	Director
Jiang Hao Ran	Director
Wu Xiao Fang	Supervisors
Qian Ping	Supervisors
Tang Xiao Qin	Executives, within half a year of separation

Hengbao Co (SZSE:002104) Headlines

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