GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gome Telecom Equipment Co (SHSE:600898) » Definitions » Momentum Rank

Gome Telecom Equipment Co (SHSE:600898) Momentum Rank : 0 (As of Jul. 23, 2025)


View and export this data going back to 1996. Start your Free Trial

What is Gome Telecom Equipment Co Momentum Rank?

Gome Telecom Equipment Co has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Gome Telecom Equipment Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Gome Telecom Equipment Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Gome Telecom Equipment Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Gome Telecom Equipment Co (SHSE:600898) » Definitions » Momentum Rank
Comparable Companies
SHSE:600083 BJSE:832145 SZSE:200468 SZSE:300167 BJSE:430476 AAPL XKRX:005930 HKSE:01810 TSE:6758 TSE:6752 SHSE:688036 SZSE:002241 SHSE:603296 XKRX:066570 BOM:540699 SZSE:300866 XKRX:003550 SHSE:688475 TSE:6753 SHSE:600060
Traded in Other Exchanges
N/A
Address
No. 12 Baotuquan North Road, Lixia District, Shandong Province, Jinan, CHN, 250011
Website
http://www.gometech.com.cn
Gome Telecom Equipment Co is a China-based company. Its main business activities include the development, production, and sales of intelligent mobile terminals, communications, and other electronic equipment manufacturing. Products offered by the company include private-label mobile phones, original design manufacturer (ODM) mobile communication devices and ODM mobile communication motherboards. The company also design, produce and sell mobile phones under its brand Gome mobile phones.
Executives
Sha Xiang senior management

Gome Telecom Equipment Co Headlines

No Headlines