Beijing LeiKe Defense Technology Co (SZSE:002413) Momentum Rank : 5 (As of May. 15, 2024)

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What is Beijing LeiKe Defense Technology Co Momentum Rank?

Beijing LeiKe Defense Technology Co has the Momentum Rank of 5.

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 Beijing LeiKe Defense Technology Co's Momentum Rank

For the Scientific & Technical Instruments subindustry, Beijing LeiKe Defense 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.

Beijing LeiKe Defense Technology Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Beijing LeiKe Defense Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Beijing LeiKe Defense Technology Co's Momentum Rank falls into.

Beijing LeiKe Defense Technology Co Momentum Rank Related Terms

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Beijing LeiKe Defense Technology Co (SZSE:002413) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Beijing LeiKe Defense Technology Co Ltd (SZSE:002413) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xisanhuan Road, Room 19, Floor 6, Building 5, No. 2, Courtyard A, Haidian, Beijing, CHN, 100081

Website

http://www.racodf.com

Beijing LeiKe Defense Technology Co Ltd manufactures and sells products for the radar system, smart ammunition, satellite application, secure storage, and intelligent networking. The company manufactures satellite navigation positioning receivers, radars and supporting equipment, industrial control computers, spectrum measurement instruments, interference field strength measurement instruments; processing computer software and hardware; and computer system services.

Beijing LeiKe Defense Technology Co (SZSE:002413) Headlines

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