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Hiecise Precision Equipment Co (SZSE:300809) Momentum Rank : 9 (As of Mar. 17, 2025)


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What is Hiecise Precision Equipment Co Momentum Rank?

Hiecise Precision Equipment Co has the Momentum Rank of 9.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

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


Competitive Comparison of Hiecise Precision Equipment Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Hiecise Precision 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.


Hiecise Precision Equipment Co's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Hiecise Precision Equipment Co's Momentum Rank falls into.



Hiecise Precision Equipment Co Momentum Rank Related Terms

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Hiecise Precision Equipment Co Business Description

Traded in Other Exchanges
N/A
Address
No. 333 Hengchangyu Road, Zhoushi Town, Jiangsu Province, Kunshan, CHN, 215 337
Hiecise Precision Equipment Co Ltd is engaged in the development, production and sales of fully automatic CNC roll grinders. The company's fully automatic CNC roll grinders provide full-process services including technical research and development, product design, manufacturing, delivery, installation and maintenance services for customers diversified needs. Its products are delivered to various industries including steel, non-ferrous metal, roll and machinery, textile, and paper industry.
Executives
Zhao Ze Ming Directors, executives
Cao Yu Zhong Director
Xu Cai Ying Directors, Directors, and Executives
Liu Xu Chen Securities Affairs Representative

Hiecise Precision Equipment Co Headlines

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