Comtec Solar Systems Group (STU:8C11) Momentum Rank : 9 (As of Apr. 26, 2024)

View and export this data going back to 2014. Start your Free Trial

What is Comtec Solar Systems Group Momentum Rank?

Comtec Solar Systems Group has the Momentum Rank of 9.

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 Comtec Solar Systems Group's Momentum Rank

For the Solar subindustry, Comtec Solar Systems Group'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.

Comtec Solar Systems Group's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Comtec Solar Systems Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Comtec Solar Systems Group's Momentum Rank falls into.

Comtec Solar Systems Group Momentum Rank Related Terms

Thank you for viewing the detailed overview of Comtec Solar Systems Group's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Comtec Solar Systems Group (STU:8C11) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Comtec Solar Systems Group Ltd (STU:8C11) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

00712:Hong Kong 8C11:Germany

Address

No. 2, Hongyang Road, Tianning District, Jiangsu Province, Changzhou, CHN

Website

http://www.comtecsolar.com

Comtec Solar Systems Group Ltd is an investment holding company. The company is engaged in operations of rooftop distributed power generation projects in industrial, commercial and residential buildings and in sales of lithium battery power storage systems businesses for electric vehicles and power storage customers. It also involves consulting services for the investment, development, construction and operation of solar photovoltaic power stations. Its segments are Monocrystalline and solar products and Solar and power storage products.

Comtec Solar Systems Group (STU:8C11) Headlines

No Headlines