Jiangsu lettall Electronic Co (SHSE:603629) Momentum Rank : 3 (As of Jun. 04, 2024)

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What is Jiangsu lettall Electronic Co Momentum Rank?

Jiangsu lettall Electronic Co 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Jiangsu lettall Electronic Co's Momentum Rank

For the Electronic Components subindustry, Jiangsu lettall Electronic 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 lettall Electronic Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Jiangsu lettall Electronic Co's Momentum Rank distribution charts can be found below:

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

Jiangsu lettall Electronic Co Momentum Rank Related Terms

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Jiangsu lettall Electronic Co (SHSE:603629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Jiangsu lettall Electronic Co Ltd (SHSE:603629) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xu Li Yixing path on the 8th, Industrial Zone homes, Jiangsu Province, Yixing, CHN, 214241

Website

http://www.lettall.com

Jiangsu Litong Electronics Co Ltd is a manufacturer of eletcronic household and appliances. The ocmpany's products include color TV, LCD TV and air conditioning and other household electrical appliances supporting electronic components, LCD module metal structure and switching power supply and other products.

Executives

Shi Ji	Directors, senior managers
Qian Xu	senior management
Xu Li Qun	senior management
Wu Kai Jun	senior management
Yang Bing	Director
Shao Qiu Ping	Director
Shao Shu Wei	Director
Shi Xu Ping	senior management
Tang Jing Bo	Supervisors
Zhang De Feng	Supervisors

Jiangsu lettall Electronic Co (SHSE:603629) Headlines

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