CircuTech International Holdings (CircuTech International Holdings) Momentum Rank : 6 (As of Jun. 24, 2024)

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What is CircuTech International Holdings Momentum Rank?

CircuTech International Holdings has the Momentum Rank of 6.

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 CircuTech International Holdings's Momentum Rank

For the Security & Protection Services subindustry, CircuTech International Holdings'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.

CircuTech International Holdings's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CircuTech International Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where CircuTech International Holdings's Momentum Rank falls into.

CircuTech International Holdings Momentum Rank Related Terms

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CircuTech International Holdings (CircuTech International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CircuTech International Holdings Ltd (GREY:TLYYF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

08051:Hong Kong

Address

1 Matheson Street, Causeway Bay, 31th Floor, Tower Two, Times Square, Hong Kong, HKG

Website

http://www.circutech.com

CircuTech International Holdings Ltd is engaged in the business of research and development and the sale and marketing of video surveillance systems. It operates its business in Asia, Europe, Africa, North America, and others. Its segments of the company are Sales and distribution of IT products and Repairs and service support. Sales and distribution of IT products business segment designs, manufactures, and markets video surveillance systems and distributes third-party IT products. Geographically, it derives the majority of its revenue from Hong Kong.

CircuTech International Holdings (CircuTech International Holdings) Headlines

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