Merit Interactive Co (SZSE:300766) Momentum Rank : 5 (As of Jun. 06, 2024)

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What is Merit Interactive Co Momentum Rank?

Merit Interactive Co has the Momentum Rank of 5.

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 Merit Interactive Co's Momentum Rank

For the Telecom Services subindustry, Merit Interactive 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.

Merit Interactive Co's Momentum Rank Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Merit Interactive Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Merit Interactive Co's Momentum Rank falls into.

Merit Interactive Co Momentum Rank Related Terms

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Merit Interactive Co (SZSE:300766) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Merit Interactive Co Ltd (SZSE:300766) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

West District, No. 525, Xixi Road, No. 7 Xidoumen Road, Xihu District, Hangzhou, Zhejiang, Building A, Room 418, 14th Floor, Block A, Qiandao Lake Zhigu Building, Xihu District, Zhejiang Province, Hangzhou, CHN, 310012

Website

https://www.getui.com

Merit Interactive Co Ltd is a provider of integrated mobile Internet services based on big data.

Executives

Yin Zu Yong	Director
Chen Jin Lai	Supervisors
Fang Yi	Directors, executives
Dong Lin	Supervisors

Merit Interactive Co (SZSE:300766) Headlines

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