Tianjin Printronics Circuit (SZSE:002134) Momentum Rank : 2 (As of Jun. 20, 2024)

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What is Tianjin Printronics Circuit Momentum Rank?

Tianjin Printronics Circuit 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.

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Competitive Comparison of Tianjin Printronics Circuit's Momentum Rank

For the Semiconductors subindustry, Tianjin Printronics Circuit'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.

Tianjin Printronics Circuit's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Tianjin Printronics Circuit's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tianjin Printronics Circuit's Momentum Rank falls into.

Tianjin Printronics Circuit Momentum Rank Related Terms

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Tianjin Printronics Circuit (SZSE:002134) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tianjin Printronics Circuit Corp (SZSE:002134) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 53 Hanghai Road, Tianjin Port Logistics Center, Tianjin Airport Free Trade Zone, Tianjin, CHN, 300308

Website

http://www.toppcb.com

Tianjin Printronics Circuit Corp is engaged in the manufacturing traditional rigid printed circuit boards and HDI printed circuit boards for mobile phones and developing communication back plate. The products are applied in different fields which include industrial automation control, telecommunication, aviation and aerospace, and instrument and meters, and consumer electronics. The products of the company include rigid flex board, step board, black solder mask multi-layer board, and, normal board.

Executives

Lin Xiao Hua

Secretary Dong

Tianjin Printronics Circuit (SZSE:002134) Headlines

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