Rockchip Electronics Co (SHSE:603893) Momentum Rank : 5 (As of May. 11, 2024)

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What is Rockchip Electronics Co Momentum Rank?

Rockchip Electronics Co has the Momentum Rank of 5.

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 Rockchip Electronics Co's Momentum Rank

For the Semiconductors subindustry, Rockchip 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.

Rockchip Electronics Co's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Rockchip Electronics Co's Momentum Rank distribution charts can be found below:

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

Rockchip Electronics Co Momentum Rank Related Terms

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Rockchip Electronics Co (SHSE:603893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Rockchip Electronics Co Ltd (SHSE:603893) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 89 Software Avenue, Building 18, Gulou District, Fujian Province, Fuzhou, CHN, 35003

Website

http://www.rock-chips.com

Rockchip Electronics Co Ltd is engaged in design, development and sales of integrated circuits and application solutions, providing customers with chip-related products and technical services. The company manufactures RK33 series, RK32 series, RK31 series, RK30 series, RK18 series, RK Nano series, RK Power series, and RV11 series chips for various applications including tablets, android smart Televisions, e-books, wireless audio, among others.

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