Whole Shine Medical Technology Co (SZSE:002622) Momentum Rank : 1 (As of Jun. 17, 2024)

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What is Whole Shine Medical Technology Co Momentum Rank?

Whole Shine Medical 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 Whole Shine Medical Technology Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Whole Shine Medical 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.

Whole Shine Medical Technology Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Whole Shine Medical Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Whole Shine Medical Technology Co's Momentum Rank falls into.

Whole Shine Medical Technology Co Momentum Rank Related Terms

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Whole Shine Medical Technology Co (SZSE:002622) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Whole Shine Medical Technology Co Ltd (SZSE:002622) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 98, Yingbin Road, Shiping District, Jilin Province, Jilin, CHN, 132013

Website

https://www.wholeshinemedical.com

Whole Shine Medical Technology Co Ltd is a China based company engaged in the businesses of electrical equipment, credit report big data, e-commerce big data, banking service, commercial factoring, financial leasing, and insurance brokerage service. In the electrical equipment business, the company offers electrical equipment products like Electronic control equipment, permanent magnet low-voltage switch products, permanent magnet high-voltage switch products, electronic energy meters, highway component facilities, and others.

Executives

Chen Ya Wei	Independent director
Ma Zheng Xue	Executives
Li Xiang Wen	Director
Huang Jia Hui	Directors, executives
Deng Qiang	Executives
Li Gang	Director
Lv Yong Xiang	Directors, executives
Zhao Feng	Directors, executives
Lv Lan	Secretary, Director

Whole Shine Medical Technology Co (SZSE:002622) Headlines

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