Jiangsu Zhongtian Technology Co (SHSE:600522) Momentum Rank : 8 (As of May. 14, 2024)

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What is Jiangsu Zhongtian Technology Co Momentum Rank?

Jiangsu Zhongtian 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 Jiangsu Zhongtian Technology Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, Jiangsu Zhongtian 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.

Jiangsu Zhongtian Technology Co's Momentum Rank Distribution in the Industrial Products Industry

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

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

Jiangsu Zhongtian Technology Co Momentum Rank Related Terms

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Jiangsu Zhongtian Technology Co (SHSE:600522) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Zhongtian Technology Co Ltd (SHSE:600522) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Nantong Economic and Technology Development Zone, Jiangsu, Nantong, CHN, 226009

Website

http://www.chinaztt.com

Jiangsu Zhongtian Technology Co Ltd is a China-based company engaged in the manufacturing and distribution of fiber-optic-communication and power-transmission products. Its products include power cables, fittings, insulators, arresters; conductors, aluminum-clad steel wires, transformers, and power switch gears; optical fibers, optical fiber cables, coaxial cables, and antennas; and submarine composite and FO cables, submarine cable accessories, and ROV cables. The company also offers marine and offshore cables; lithium-ion batteries, solar cell backsheets, and photovoltaic technology products; alloy materials; an optical fiber and optical cable machines.

Jiangsu Zhongtian Technology Co (SHSE:600522) Headlines

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