GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » IKD Co Ltd (SHSE:600933) » Definitions » Momentum Rank

IKD Co (SHSE:600933) Momentum Rank : 7 (As of May. 29, 2024)


View and export this data going back to 2017. Start your Free Trial

What is IKD Co Momentum Rank?

IKD Co has the Momentum Rank of 7.

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 IKD Co's Momentum Rank

For the Auto Parts subindustry, IKD 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.


IKD Co's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, IKD Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where IKD Co's Momentum Rank falls into.



IKD Co Momentum Rank Related Terms

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


IKD Co (SHSE:600933) Business Description

Traded in Other Exchanges
N/A
Address
No. 588 Jin Shan Road, Jiangbei Investment Pioneering Park, Zhejiang Province, Ningbo, CHN, 315033
IKD Co Ltd is engaged in manufacturing of aluminum die casting products. The company is mainly engaged in the research and development, production and sales of automotive aluminum alloy precision casting. The production process covers the whole process of the design and development of die-casting tooling, die casting, trimming, heat treatment, precision machining, surface treatment and assembly. Its main products include automotive wiper system, transmission system, steering system, engine system, air condition system, commercial vehicle braking system.
Executives
Wu Fei Supervisors
Dong Li Ping Directors, senior managers
Fu Long Zhu senior management
Zhang Jian Cheng Directors, senior managers
Yang Neng Zhong Directors, senior managers
Yu Guo Hua Directors, senior managers
Xi Hai Jun senior management
Li Jian Jun senior management
He Sheng Hua senior management
Zhao Jun Supervisors
Wu Miao Xin senior management
Sheng Hong Director

IKD Co (SHSE:600933) Headlines

No Headlines