TJK Intelligent Equipment Manufacturing (Tianjin) Co (SZSE:300823) Momentum Rank : 5 (As of Dec. 15, 2024)

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What is TJK Intelligent Equipment Manufacturing (Tianjin) Co Momentum Rank?

TJK Intelligent Equipment Manufacturing (Tianjin) 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.

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

Competitive Comparison of TJK Intelligent Equipment Manufacturing (Tianjin) Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, TJK Intelligent Equipment Manufacturing (Tianjin) 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.

TJK Intelligent Equipment Manufacturing (Tianjin) Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, TJK Intelligent Equipment Manufacturing (Tianjin) Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where TJK Intelligent Equipment Manufacturing (Tianjin) Co's Momentum Rank falls into.

TJK Intelligent Equipment Manufacturing (Tianjin) Co Momentum Rank Related Terms

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TJK Intelligent Equipment Manufacturing (Tianjin) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TJK Intelligent Equipment Manufacturing (Tianjin) Co Ltd (SZSE:300823) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Wuwei Road, Lugang Logistics Equipment Industrial Park, Beichen District, Tianjin, CHN, 300408

Website

https://www.tjkmachinery.com

TJK Intelligent Equipment Manufacturing (Tianjin) Co Ltd is engaged in the research and development, design, production and sales of high-end CNC steel bar processing equipment and provides overall solutions for CNC steel bar processing. The company's products are used in high-speed railways, highways, bridges and tunnels, rail transit, underground pipeline corridors, nuclear power, hydropower and other large-scale infrastructure construction and assembly buildings, steel processing and distribution centers and other fields.

Executives

Chen Zhen Sheng

Director

TJK Intelligent Equipment Manufacturing (Tianjin) Co Headlines

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