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HG Semiconductor (HKSE:06908) Momentum Rank : 3 (As of May. 29, 2024)


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What is HG Semiconductor Momentum Rank?

HG Semiconductor has the Momentum Rank of 3.

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.

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Competitive Comparison of HG Semiconductor's Momentum Rank

For the Electrical Equipment & Parts subindustry, HG Semiconductor'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.


HG Semiconductor's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, HG Semiconductor's Momentum Rank distribution charts can be found below:

* The bar in red indicates where HG Semiconductor's Momentum Rank falls into.



HG Semiconductor Momentum Rank Related Terms

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HG Semiconductor (HKSE:06908) Business Description

Traded in Other Exchanges
N/A
Address
No. 8 Pinggong Er Road, 2nd Floor and North side, Nanping Technology Industrial Park, Zhuhai, CHN
HG Semiconductor Ltd is an investment holding company. It is engaged in the design, development, manufacturing, subcontracting, and sales of semiconductor products, which include light-emitting diode (LED) beads, next-generation semiconductor gallium nitride (GaN) chips, GaN devices, and their related applications, as well as fast charging products in China. The sales of LED beads generate maximum revenue for the company.
Executives
Zhan Haisu 2201 Interest of corporation controlled by you
Jovial Star International Limited 2101 Beneficial owner
Zhuang Chan Ling 2202 Interest of your spouse
First Global Limited 2101 Beneficial owner
Zhao Yi Wen 2201 Interest of corporation controlled by you
Qin Xiaolu 2101 Beneficial owner
Profit Act Limited 2101 Beneficial owner
Profit Times International Limited 2201 Interest of corporation controlled by you
Zhu Gongshan 2201 Interest of corporation controlled by you
Chiu Kwok Hung Justin 2101 Beneficial owner
Bigfair Enterprises Limited 2101 Beneficial owner
Chiu Kwai San 2201 Interest of corporation controlled by you
Wong Ching Ming 2202 Interest of your spouse
Qin Anqi 2201 Interest of corporation controlled by you
Wide Yield Investment Holding Limited 2101 Beneficial owner

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