Zhejiang Yonggui Electric Equipment Co (SZSE:300351) Momentum Rank : 5 (As of Dec. 13, 2024)

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What is Zhejiang Yonggui Electric Equipment Co Momentum Rank?

Zhejiang Yonggui Electric Equipment 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.

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Competitive Comparison of Zhejiang Yonggui Electric Equipment Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, Zhejiang Yonggui Electric Equipment 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.

Zhejiang Yonggui Electric Equipment Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Yonggui Electric Equipment Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhejiang Yonggui Electric Equipment Co's Momentum Rank falls into.

Zhejiang Yonggui Electric Equipment Co Momentum Rank Related Terms

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Zhejiang Yonggui Electric Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Yonggui Electric Equipment Co Ltd (SZSE:300351) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 5, Dongyuan Road, Western Industrial Park, Baihe Town, Taizhou, Tiantai, CHN, 317201

Website

http://en.yonggui.com

Zhejiang Yonggui Electric Equipment Co Ltd is engaged in manufacturing connectors used in railways and other vehicle. Its products include circular connector, locomotive connector, wind connector, and electric vehicle connector.

Executives

Fan Yong Gui	Director
Zhou Ting Ping	Executives
Tu Hai Wen	Director
Yang Run Li	Supervisors
Xiao Hong Ying	Independent director
Fan Zheng Jun	Directors, executives
Yu Wen Zhen	Secretary Dong
Li Yun Ming	Director
Lu Su Zhen	Executives
Jia Fei Long	Director, Securities Affairs Representative

Zhejiang Yonggui Electric Equipment Co Headlines

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