Jiangsu Riying Electronics Co (SHSE:603286) Momentum Rank : 8 (As of May. 25, 2024)

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What is Jiangsu Riying Electronics Co Momentum Rank?

Jiangsu Riying Electronics 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 Riying Electronics Co's Momentum Rank

For the Auto Parts subindustry, Jiangsu Riying Electronics 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 Riying Electronics Co's Momentum Rank Distribution in the Vehicles & Parts Industry

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

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

Jiangsu Riying Electronics Co Momentum Rank Related Terms

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Jiangsu Riying Electronics Co (SHSE:603286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangsu Riying Electronics Co Ltd (SHSE:603286) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Hengshan Bridge Fangmao Village, Wujin District, Jiangsu Province, Changzhou City, CHN, 213119

Website

http://www.riyingcorp.com

Jiangsu Riying Electronics Co Ltd is engaged in the development of automotive and motorcycle related products and other related solutions in China. Its products mainly include automotive cleaning systems, precision injection molded parts, automotive electronics, automotive wiring harnesses and high voltage distribution boxes, ambient lights, and new energy chain.

Executives

Shi Rong Zhu	Director
Jin Zhen Hua	senior management
Ji Xian Wei	senior management
Han Ya Wei	Director
Lu Peng	Director

Jiangsu Riying Electronics Co (SHSE:603286) Headlines

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