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Suzhou Invotech Scroll Technologies Co (SZSE:301272) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is Suzhou Invotech Scroll Technologies Co Momentum Rank?

Suzhou Invotech Scroll Technologies Co has the Momentum Rank of 0.

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.

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Suzhou Invotech Scroll Technologies Co (SZSE:301272) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Suzhou Invotech Scroll Technologies Co Ltd (SZSE:301272) » Definitions » Momentum Rank
Comparable Companies
SZSE:300843 SHSE:600379 SZSE:300414 SZSE:300800 SZSE:002606 SHSE:605288 SZSE:002730 SHSE:688345 SZSE:002168 SZSE:002981 SZSE:300750 XSWX:ABBN BKK:DELTA TSE:6503 XPAR:LR SZSE:300124 SZSE:300274 VRT HUBB XKRX:247540
Traded in Other Exchanges
N/A
Address
No. 5, Yintong Road, Southeast Street, Jiangsu Province, Changshu, CHN, 215500
Website
http://www.invotech.cn
Suzhou Invotech Scroll Technologies Co Ltd provides research and development, production, sales and pre-sales and after-sales services of energy-saving, high-efficiency, high-reliability, low-noise scroll compressors and their application technologies.

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