Shenzhen Sunline Tech Co (SZSE:300348) Momentum Rank : 2 (As of Jun. 21, 2024)

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What is Shenzhen Sunline Tech Co Momentum Rank?

Shenzhen Sunline Tech 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 Shenzhen Sunline Tech Co's Momentum Rank

For the Software - Application subindustry, Shenzhen Sunline Tech 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.

Shenzhen Sunline Tech Co's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Shenzhen Sunline Tech Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shenzhen Sunline Tech Co's Momentum Rank falls into.

Shenzhen Sunline Tech Co Momentum Rank Related Terms

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Shenzhen Sunline Tech Co (SZSE:300348) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen Sunline Tech Co Ltd (SZSE:300348) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, Building A, Building 2, Shahe West Road, Shenzhen Bay Science and Technology Park, Nanshan District, Shenzhen, CHN, 518057

Website

http://www.sunline.cn

Shenzhen Sunline Tech Co Ltd is a banking software and technology services company in China. Some of its products include Core Business System SunLTTS, Bank Loan Business System, Smart Deposit Business System, Cash Management Business System, Digital Core System, Digital Financial Business Platform, Business Middle Office Center, Digital Loan Business System, Data Warehouse, and others. It generates the majority of its revenue from Software development followed by System integration and Maintenance business.

Executives

Wang Zhang Chun	Director
Zheng Kang	Director
Xu Ya Li	Directors, Directors, and Executives
Wei Feng	Directors, executives
Gong Xing Hua	Supervisors
Zhou Jin Ping	Securities Affairs Representative
Shi Gan De	Supervisors
Zhao Wei Hong	Directors, executives
Li Jin Song	Directors, executives
Xu Jiang	Director
Xiao Ying Hui	Directors, executives
Qu Hong Jing	Supervisors
Huang Zu Chao	Executives

Shenzhen Sunline Tech Co (SZSE:300348) Headlines

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