Shenzhen Success Electronics Co (SZSE:002289) Momentum Rank : 2 (As of Jun. 17, 2024)

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What is Shenzhen Success Electronics Co Momentum Rank?

Shenzhen Success Electronics 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 Shenzhen Success Electronics Co's Momentum Rank

For the Electronic Components subindustry, Shenzhen Success Electronics 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.

Shenzhen Success Electronics Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Shenzhen Success Electronics Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shenzhen Success Electronics Co's Momentum Rank falls into.

Shenzhen Success Electronics Co Momentum Rank Related Terms

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Shenzhen Success Electronics Co (SZSE:002289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Success Electronics Co Ltd (SZSE:002289) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1302, 13th Floor, Block A, Yuehai Street, Shenzhen Software Industry Base, NanShan District, ShenZhen, CHN, 518052

Website

http://www.szsuccess.com.cn

Shenzhen Success Electronics Co Ltd is engaged in research and development, production, sales and service, and provides display integrated solution for smart phone manufacturers. The company develops and manufactures sensors and capacitive touch screens, medium and small size LCD and corresponding modules, and glass cover products.

Executives

Yang Cai Qin	Executives
Zhou Lu	Directors, executives
Lin Meng	Director
Zhang Yang	Director
Cui Li Jun	Executives
Lu Tao	Director
Xu Dai	Director
Wang Jin Fu	Executives
Zhou Xiao Bin	Director
Zhao Hou Peng	Directors, executives

Wei Lian Su	Directors, executives
Li Xiao Ming	Executives
Li Xia	Director
He Lin Qiao	Supervisors

Shenzhen Success Electronics Co (SZSE:002289) Headlines

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