Nanjing Quanxin Cable Technology Co (SZSE:300447) Momentum Rank : 10 (As of Sep. 25, 2024)

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What is Nanjing Quanxin Cable Technology Co Momentum Rank?

Nanjing Quanxin Cable Technology Co has the Momentum Rank of 10.

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 Nanjing Quanxin Cable Technology Co's Momentum Rank

For the Communication Equipment subindustry, Nanjing Quanxin Cable Technology 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.

Nanjing Quanxin Cable Technology Co's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Nanjing Quanxin Cable Technology Co's Momentum Rank falls into.

Nanjing Quanxin Cable Technology Co Momentum Rank Related Terms

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Nanjing Quanxin Cable Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nanjing Quanxin Cable Technology Co Ltd (SZSE:300447) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Hanzhongmen Street, 12th Floor, Building 01, No. 301, Gulou District, Nanjing, CHN, 210036

Website

http://www.qx-kj.com

Nanjing Quanxin Cable Technology Co Ltd is high-tech enterprise specializing in the research and development and production of military photoelectric transmission products and providing technical solutions for photoelectric transmission systems. Its product includes Photoelectric cables and components, Optical devices and modules, Photoelectric control products. Its products cover five major military fields, including aviation, aerospace, shipbuilding, weapons, and electronics.

Executives

Ding Ran	Director
Chen Xiang Lou	Directors, executives
Han Zi Yi	Director
He Liang	Executives
Bian Xiao Ming	Executives
Fang Jin	Directors, executives

Nanjing Quanxin Cable Technology Co Headlines

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