Shanghai Morn Electric Equipment Co (SZSE:002451) Momentum Rank : 8 (As of May. 26, 2024)

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What is Shanghai Morn Electric Equipment Co Momentum Rank?

Shanghai Morn Electric Equipment Co has the Momentum Rank of 8.

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 Shanghai Morn Electric Equipment Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, Shanghai Morn Electric Equipment 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.

Shanghai Morn Electric Equipment Co's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Shanghai Morn Electric Equipment Co's Momentum Rank falls into.

Shanghai Morn Electric Equipment Co Momentum Rank Related Terms

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Shanghai Morn Electric Equipment Co (SZSE:002451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Morn Electric Equipment Co Ltd (SZSE:002451) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.2829 Jiangshan Road, Pudong New Area, Shanghai, CHN, 201306

Website

http://www.mornelectric.com

Shanghai Morn Electric Equipment Co Ltd is engaged in the manufacture, development and sale of wire, cable and related accessories in China. The company also offers technical consulting and services for its products. Its products include Multi URD cable, Single URD cable, DLO cable, SOOW flexible cable, SJOOW flexible cable, SO flexible cable, SJ flexible cable, among others.

Executives

Zhu Jie	Supervisors
Wen Ze Xin	Directors, executives
Ye Zhen	Executives
Zhu Zhi Ying	Director
Dai Ren Min	Supervisors
Chen Yin	Executives
Wang Yong Wei	Directors, executives
Wang Qing	Director
Wen Ze Hong	Directors, executives
Chen De Bin	Executives

Shanghai Morn Electric Equipment Co (SZSE:002451) Headlines

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