Guangdong TCL Smart Home Appliances Co (SZSE:002668) Momentum Rank : 3 (As of Sep. 21, 2024)

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What is Guangdong TCL Smart Home Appliances Co Momentum Rank?

Guangdong TCL Smart Home Appliances Co has the Momentum Rank of 3.

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 Guangdong TCL Smart Home Appliances Co's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, Guangdong TCL Smart Home Appliances 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.

Guangdong TCL Smart Home Appliances Co's Momentum Rank Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Guangdong TCL Smart Home Appliances Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Guangdong TCL Smart Home Appliances Co's Momentum Rank falls into.

Guangdong TCL Smart Home Appliances Co Momentum Rank Related Terms

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Guangdong TCL Smart Home Appliances Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Guangdong TCL Smart Home Appliances Co Ltd (SZSE:002668) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 54 Dongfu North Road, Nantou Town, Guangdong Province, Zhongshan, CHN, 528427

Website

http://www.homa.cn

Guangdong Homa Group Co Ltd is a China based company engaged in manufacturing of refrigerators. Its products include combined fridge freezer, double door refrigerator, upright freezer, wine cellar, beverage cooler, mini bar fridge, and under counter fridge, among others. The company sells its products in China, and also exports it to various other countries.

Executives

Zhao Guo Dong	Secretary, Director
Yu Wei Bao	Executives
Zhang Feng Yi	Independent director
Zhou Jiang Hai	Securities Affairs Representative
Long Yong Xian	Supervisors
Liu Zhan Cheng	Directors, executives
Jiang Wen Hong	Supervisors
Guan Zhi Hua	Executives
Su Dong Ping	Director

Guangdong TCL Smart Home Appliances Co Headlines

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