Newcapec Electronics Co (SZSE:300248) Momentum Rank : 2 (As of Jun. 21, 2024)

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What is Newcapec Electronics Co Momentum Rank?

Newcapec Electronics Co has the Momentum Rank of 2.

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 Newcapec Electronics Co's Momentum Rank

For the Scientific & Technical Instruments subindustry, Newcapec Electronics 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.

Newcapec Electronics Co's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Newcapec Electronics Co's Momentum Rank falls into.

Newcapec Electronics Co Momentum Rank Related Terms

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Newcapec Electronics Co (SZSE:300248) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Newcapec Electronics Co Ltd (SZSE:300248) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Yingchun Street, High-tech Industrial Development Zone, Henan Province, Zhengzhou, CHN, 450001

Website

http://www.newcapec.net

Newcapec Electronics Co Ltd is a Chinese company engaged in the development, production, and distribution of smart card applications, which are widely used in schools, financial institutions, and the telecom industry. It offers products such as electronic payment products, identification products, smart hydropower products, radio frequency identification products, smart gas meter products and power carrier products.

Executives

Yang Wen Shou	Executives
Yang Wei Guo	Directors, executives
Fu Qiu Sheng	Directors, executives
Zhao Li Bin	Directors, executives
Du Jian Ping	Executives
Shang Wei Guo	Directors, executives
Liu En Chen	Supervisors
Fu Chang Shun	Executives
Wang Shi Qing	Independent director
Hua Meng Yang	Directors, executives
Wang Bao Ling	Supervisors
Zhao Xin	Securities Affairs Representative
Gao Jian Ming	Director

Newcapec Electronics Co (SZSE:300248) Headlines

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