Wuxi Sunlit Science and Technology Co (HKSE:01289) Momentum Rank : 6 (As of May. 17, 2024)

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What is Wuxi Sunlit Science and Technology Co Momentum Rank?

Wuxi Sunlit Science and Technology Co has the Momentum Rank of 6.

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 Wuxi Sunlit Science and Technology Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Wuxi Sunlit Science and Technology 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.

Wuxi Sunlit Science and Technology Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wuxi Sunlit Science and Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Wuxi Sunlit Science and Technology Co's Momentum Rank falls into.

Wuxi Sunlit Science and Technology Co Momentum Rank Related Terms

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Wuxi Sunlit Science and Technology Co (HKSE:01289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wuxi Sunlit Science and Technology Co Ltd (HKSE:01289) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Yanxin Road East, Huishan Economic Development Zone, Jiangsu Province, Wuxi, CHN, 214174

Website

https://www.wxsunlit.com

Wuxi Sunlit Science and Technology Co Ltd is a China-based company. It is engaged in the research and development, design, manufacture, equipment supply, installation, testing, repair, and maintenance of production lines for manufacturing steel wire products in the People's Republic of China. The company's product portfolio includes brass electroplated wire production lines, standalone machines, double-twist stranding machines, wet drawing machines, mold repairing equipment, parts, and accessories. Geographically, the company operates in Mainland China and other countries, of which the majority of the revenue is earned in Mainland China.

Wuxi Sunlit Science and Technology Co (HKSE:01289) Headlines

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