L K Technology Holdings (HKSE:00558) Momentum Rank : 4 (As of May. 04, 2024)

View and export this data going back to 2006. Start your Free Trial

What is L K Technology Holdings Momentum Rank?

L K Technology Holdings has the Momentum Rank of 4.

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 L K Technology Holdings's Momentum Rank

For the Specialty Industrial Machinery subindustry, L K Technology Holdings'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.

L K Technology Holdings's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, L K Technology Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where L K Technology Holdings's Momentum Rank falls into.

L K Technology Holdings Momentum Rank Related Terms

Thank you for viewing the detailed overview of L K Technology Holdings's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

L K Technology Holdings (HKSE:00558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » L K Technology Holdings Ltd (HKSE:00558) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

L5D:Germany

Address

1-7 Wah Sing Street, Unit A, 8th Floor, Mai Wah Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.lk.world

L K Technology Holdings Ltd is an investment holding company. It is principally engaged in the design, manufacture, and sales of the hot chamber and cold chamber die-casting machines, plastic injection moulding machines, computerized numerical controlled (CNC) machining centers and related accessories. The company's operating segment includes Die-casting machine; Plastic injection moulding machine and CNC machining centre. It generates maximum revenue from the Die-casting machine segment. Geographically, it derives a majority of revenue from Mainland China and also has a presence in Europe, North America, Central America and South America and Other countries.

L K Technology Holdings (HKSE:00558) Headlines

No Headlines