YTO International Express and Supply Chain Technology (YTO International Express and Supply Chain Technology) Momentum Rank : 8 (As of Jun. 21, 2024)

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What is YTO International Express and Supply Chain Technology Momentum Rank?

YTO International Express and Supply Chain Technology has the Momentum Rank of 8.

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 YTO International Express and Supply Chain Technology's Momentum Rank

For the Integrated Freight & Logistics subindustry, YTO International Express and Supply Chain Technology'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.

YTO International Express and Supply Chain Technology's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, YTO International Express and Supply Chain Technology's Momentum Rank distribution charts can be found below:

* The bar in red indicates where YTO International Express and Supply Chain Technology's Momentum Rank falls into.

YTO International Express and Supply Chain Technology Momentum Rank Related Terms

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YTO International Express and Supply Chain Technology (YTO International Express and Supply Chain Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » YTO International Express and Supply Chain Technology Ltd (OTCPK:YTOEF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

06123:Hong Kong

Address

39 Wang Kwong Road, Suite 2208, 22nd Floor, Office Tower, Skyline Tower, Kowloon Bay, Hong Kong, HKG

Website

https://www.ytoglobal.com

YTO International Express and Supply Chain Technology Ltd is an investment holding company. It is engaged in the provision of freight and logistics services and other related services. The company's operating segment includes Air freight; Ocean freight; Logistics; International express and parcel and Others. It generates maximum revenue from the Airfreight segment. The Airfreight segment is related to freight forwarding by air. Geographically, it derives a majority of its revenue from PRC.

YTO International Express and Supply Chain Technology (YTO International Express and Supply Chain Technology) Headlines

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