GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guodian Nanjing Automation Co Ltd (SHSE:600268) » Definitions » Momentum Rank

Guodian Nanjing Automation Co (SHSE:600268) Momentum Rank : 9 (As of Jun. 08, 2024)


View and export this data going back to 1999. Start your Free Trial

What is Guodian Nanjing Automation Co Momentum Rank?

Guodian Nanjing Automation 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.

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


Competitive Comparison of Guodian Nanjing Automation Co's Momentum Rank

For the Consumer Electronics subindustry, Guodian Nanjing Automation 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.


Guodian Nanjing Automation Co's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Guodian Nanjing Automation Co's Momentum Rank falls into.



Guodian Nanjing Automation Co Momentum Rank Related Terms

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


Guodian Nanjing Automation Co (SHSE:600268) Business Description

Traded in Other Exchanges
N/A
Address
No. 39, Shuige Road, Jiangning Development Zone, Jiangsu, Nanjing, CHN, 210032
Guodian Nanjing Automation Co Ltd is engaged in grid automation, power plant automation, water conservation, hydropower automation, rail transportation automation, industrial automation, and information security monitoring systems.
Executives
Wang Ru senior management
Wang Feng Jiao Director
Zhou Qian senior management
Luo Zhen Xin Director
Liu Wei senior management
Jing Hai Lin Director
Guo Xiao Jun Director
Liu Ying Director
Dong Wen senior management
Ying Guang Wei Director

Guodian Nanjing Automation Co (SHSE:600268) Headlines

No Headlines