Chanjet Information Technology Co (HKSE:01588) Momentum Rank : 8 (As of Jun. 03, 2024)

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What is Chanjet Information Technology Co Momentum Rank?

Chanjet Information Technology Co has the Momentum Rank of 8.

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 Chanjet Information Technology Co's Momentum Rank

For the Software - Application subindustry, Chanjet Information 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.

Chanjet Information Technology Co's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Chanjet Information Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Chanjet Information Technology Co's Momentum Rank falls into.

Chanjet Information Technology Co Momentum Rank Related Terms

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Chanjet Information Technology Co (HKSE:01588) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Chanjet Information Technology Co Ltd (HKSE:01588) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yard 9, Yongfeng Road, Floor 3, Building 3, Haidian District, Beijing, CHN, 100094

Website

https://www.chanjet.com

Chanjet Information Technology Co Ltd is a provider of software and services and related products to financial and management services. Its services include platform services, application services, data services, and financial services for small and micro-scale enterprises. Its Cloud products include Chanjet Good Accountant, T+Cloud, Chanjet Good Business, Chanjet Intelligent+, and Chanjet Easy Accounting Agent. The company operates in two segments: Software and Cloud service. All of its revenues come from Mainland China.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Gaocheng Fund I, L.p.	2101 Beneficial owner
Gaocheng Holdings Gp, Ltd	2201 Interest of corporation controlled by you
Tsing Young Holding Limited	2201 Interest of corporation controlled by you
Hong Jing	2201 Interest of corporation controlled by you
Stichting Depositary Apg Emerging Markets Equity Pool	2102 Investment manager

Chanjet Information Technology Co (HKSE:01588) Headlines

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