Chongqing Hifuture Information Technology Co (SZSE:002168) Momentum Rank : 1 (As of Jun. 22, 2024)

View and export this data going back to 2007. Start your Free Trial

What is Chongqing Hifuture Information Technology Co Momentum Rank?

Chongqing Hifuture Information Technology Co has the Momentum Rank of 1.

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 Chongqing Hifuture Information Technology Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, Chongqing Hifuture Information Technology 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.

Chongqing Hifuture Information Technology Co's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Chongqing Hifuture Information Technology Co's Momentum Rank falls into.

Chongqing Hifuture Information Technology Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Chongqing Hifuture Information Technology Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Chongqing Hifuture Information Technology Co (SZSE:002168) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chongqing Hifuture Information Technology Co Ltd (SZSE:002168) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Lanjing North Road, Hifuture science and Technology Park, Longgang District, Pingshan, CHN, 518118

Website

http://www.hifuture.com

Shenzhen Hifuture Electric Co Ltd is specialized in the development, production, sales, installation, and distribution of network integrated solutions of electrical equipment. It offers a wide range of products, including medium and low voltage cable connection boxes with totally-enclosed and totally-insulated, cable joint boxes, silicone rubber cable accessories, cable plugs and other silicone rubber insulation products, as well as SMC electrical equipment enclosures.

Executives

Chen Dan	Director
	Director
Shen Xiao Chao	Director
Fang Li	Executives
Xu Hai Xiao	Directors, executives
Zhang Jing	Directors, executives
Wang Chao Yong	Director
Zhan Wei Zai	Independent director
Ren Jin Sheng	Director
Lv Feng Hua	Director
He Ping	Directors, executives
Zhao Yu Mei	Supervisors
Zhang Guo Gang	Executives
Kuang Xiao Ming	Directors, executives
He Feng	Executives

Chongqing Hifuture Information Technology Co (SZSE:002168) Headlines

No Headlines