GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BYD Electronic (International) Co Ltd (OTCPK:BYDIY) » Definitions » Momentum Rank

BYD Electronic (International) Co (BYD Electronic (International) Co) Momentum Rank : 0 (As of Apr. 29, 2024)


View and export this data going back to 2013. Start your Free Trial

What is BYD Electronic (International) Co Momentum Rank?

BYD Electronic (International) Co has the Momentum Rank of 0.

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.


BYD Electronic (International) Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of BYD Electronic (International) Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


BYD Electronic (International) Co (BYD Electronic (International) Co) Business Description

Traded in Other Exchanges
Address
No. 3001, Bao He Road, Baolong Industrial Park, Longgang District, Shenzhen, CHN, 518116
BYD Electronic (International) Co Ltd is involved in the manufacture of mobile handset components. The company's earnings are dependent on the design, manufacture, and sale of mobile handsets and modules and other electronic components primarily in China. It also has markets across PRC (including Hong Kong, Macau and Taiwan), Asia Pacific, United States of America, Other countries, where the company is sourced by various handsets brands.

BYD Electronic (International) Co (BYD Electronic (International) Co) Headlines

From GuruFocus

3 Potentially Undervalued Stocks

By Alberto Abaterusso Alberto Abaterusso 02-12-2020