Ningbo Jianan Electronics Co (SZSE:300880) Momentum Rank : 7 (As of Jun. 20, 2024)

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What is Ningbo Jianan Electronics Co Momentum Rank?

Ningbo Jianan Electronics Co has the Momentum Rank of 7.

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 Ningbo Jianan Electronics Co's Momentum Rank

For the Scientific & Technical Instruments subindustry, Ningbo Jianan Electronics 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.

Ningbo Jianan Electronics Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ningbo Jianan Electronics Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ningbo Jianan Electronics Co's Momentum Rank falls into.

Ningbo Jianan Electronics Co Momentum Rank Related Terms

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Ningbo Jianan Electronics Co (SZSE:300880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ningbo Jianan Electronics Co Ltd (SZSE:300880) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 711, Keji Road, Gutang Street, Zhejiang Province, Cixi, CHN, 315300

Website

http://www.nb-jianan.com

Ningbo Jianan Electronics Co Ltd is engaged in production and sales of series products such as smart meters, electricity consumption information collection terminals and electric energy metering boxes. The company produces electric energy meters, electric energy metering boxes, utility meter reading systems and management terminals, distribution network automation equipment, power communication equipment, low-voltage electrical equipment, electronic tags and electronic tag readers, inverter power supplies, AC and DC power supplies, energy storage power supply equipment.

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