Dalian Zhiyun Automation Co (SZSE:300097) Momentum Rank : 5 (As of Jun. 24, 2024)

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What is Dalian Zhiyun Automation Co Momentum Rank?

Dalian Zhiyun Automation 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Dalian Zhiyun Automation Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Dalian Zhiyun Automation 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.

Dalian Zhiyun Automation Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dalian Zhiyun Automation Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Dalian Zhiyun Automation Co's Momentum Rank falls into.

Dalian Zhiyun Automation Co Momentum Rank Related Terms

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Dalian Zhiyun Automation Co (SZSE:300097) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dalian Zhiyun Automation Co Ltd (SZSE:300097) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

21/F Ning an Building No 17, Huanghe Road, Xigang, Dalian, CHN, 116011

Website

http://www.zhiyun-cn.com

Dalian Zhiyun Automation Co Ltd develops automation manufacturing process systems and automation equipment. The company's products include Auto Test Machine Line; Auto Convey Machine; Auto Dealer Maachine WahMachine; Filter Machine; and Assembly Line.

Executives

Ma Yu	Director
Shi Li Quan	Directors, executives
Yang Yin Sheng	Director
Wu Qian	Supervisors
Ren Tong	Directors, Directors, and Executives
Gao Peng	Director
Tan Yong Liang	Directors, executives
Zhang Shao Hui	Directors, executives
Li Hong	Executives
Di Yan Zhao	Directors, executives
Pan Bin	Executives

Dalian Zhiyun Automation Co (SZSE:300097) Headlines

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