Chengdu Zhimingda Electronics Co (SHSE:688636) Momentum Rank : 1 (As of Jun. 09, 2024)

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What is Chengdu Zhimingda Electronics Co Momentum Rank?

Chengdu Zhimingda Electronics Co has the Momentum Rank of 1.

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 Chengdu Zhimingda Electronics Co's Momentum Rank

For the Computer Hardware subindustry, Chengdu Zhimingda 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.

Chengdu Zhimingda Electronics Co's Momentum Rank Distribution in the Hardware Industry

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

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

Chengdu Zhimingda Electronics Co Momentum Rank Related Terms

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Chengdu Zhimingda Electronics Co (SHSE:688636) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu Zhimingda Electronics Co Ltd (SHSE:688636) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 229, Jingye Road, Unit D, Building H3, Qingyang District, Sichuan Province, Chengdu, CHN, 610091

Website

http://www.zmdde.com

Chengdu Zhimingda Electronics Co Ltd provides customized embedded computer modules and solutions. The company focuses on the development of embedded computers, power supplies and related system equipment, and provides customized solutions, products and services based on customer needs.

Executives

Jiang Hu	Director
Wan Chong Gang	senior management
Qin Yin	Director
Chen Yun Song	senior management
Long Bo	Director
Wang Yong	Director

Chengdu Zhimingda Electronics Co (SHSE:688636) Headlines

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