Eastern Communications Co (SHSE:600776) Momentum Rank : 7 (As of Apr. 29, 2024)

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What is Eastern Communications Co Momentum Rank?

Eastern Communications 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 Eastern Communications Co's Momentum Rank

For the Communication Equipment subindustry, Eastern Communications 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.

Eastern Communications Co's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Eastern Communications Co's Momentum Rank falls into.

Eastern Communications Co Momentum Rank Related Terms

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Eastern Communications Co (SHSE:600776) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eastern Communications Co Ltd (SHSE:600776) » Definitions » Momentum Rank

Traded in Other Exchanges

900941:China

Address

No. 66 Dongxin Avenue, New and High-Technology Development Zone, Binjiang District, Zhejiang, Hangzhou, CHN, 310053

Website

http://www.eastcom.com

Eastern Communications Co Ltd is a China-based communications services company. It provides solutions for industrial applications and listed companies in the fields of communication and financial technology, communications business, an intelligent manufacturing business and intelligent services and software and other fields. The company's product portfolio includes private network communications and information security products and solutions; financial electronic equipment and operations services; communications and information technology integration services and EMS manufacturing operations. The company's products and solutions are used in China and other international countries.

Eastern Communications Co (SHSE:600776) Headlines

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