Beijing Bdstar Navigation Co (SZSE:002151) Momentum Rank : 9 (As of May. 01, 2024)

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What is Beijing Bdstar Navigation Co Momentum Rank?

Beijing Bdstar Navigation Co 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.

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Competitive Comparison of Beijing Bdstar Navigation Co's Momentum Rank

For the Scientific & Technical Instruments subindustry, Beijing Bdstar Navigation 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.

Beijing Bdstar Navigation Co's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Beijing Bdstar Navigation Co's Momentum Rank falls into.

Beijing Bdstar Navigation Co Momentum Rank Related Terms

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Beijing Bdstar Navigation Co (SZSE:002151) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Beijing Bdstar Navigation Co Ltd (SZSE:002151) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.7, Fengxian east road, Yongfeng industrial base, Haidian District, Beijing, CHN, 100094

Website

https://www.bdstar.com

Beijing Bdstar Navigation Co Ltd operates in the satellite navigation industry. The company provides navigation and positioning products, solutions and services for users around the world. Its product line consists of fundamental products, automotive electronics, and specialized application. Bdstar's fundamental product line focuses on the development, application, and promotion of navigation positioning chips, modules, boards, antennas and MWDC components. Bdstar's automotive electronics include infotainment system, reconfigurable instrument cluster, display audio, and radios. In addition, the company also provides industry application and operational services.

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