Xianheng International Science & Technology Co (SHSE:605056) Momentum Rank : 0 (As of May. 28, 2024)

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What is Xianheng International Science & Technology Co Momentum Rank?

Xianheng International Science & Technology Co has the Momentum Rank of 0.

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.

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Xianheng International Science & Technology Co (SHSE:605056) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xianheng International Science & Technology Co Ltd (SHSE:605056) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room E10, No.889 Jiangcheng Road, Shangcheng District, Zhejiang Province, Hangzhou, CHN, 310009

Website

http://www.xianhengguoji.com

Xianheng International Science & Technology Co Ltd is an intensive MRO supplier of tools, instruments and other products. It mainly serves the power industry and also involves emergency, railway, urban rail transit, petroleum and petrochemicals and other fields. It specializes in the research and development, production, sales and technical services of independent products in the mentioned fields.

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