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Shanghai Awinic Technology Co (SHSE:688798) Momentum Rank : 0 (As of May. 21, 2024)


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What is Shanghai Awinic Technology Co Momentum Rank?

Shanghai Awinic 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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Shanghai Awinic Technology Co (SHSE:688798) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shanghai Awinic Technology Co Ltd (SHSE:688798) » Definitions » Momentum Rank
Comparable Companies
SHSE:688484 SHSE:688213 SHSE:688052 SHSE:688439 SZSE:301095 SZSE:300373 SZSE:300456 SHSE:600877 SZSE:002281 SHSE:605358 NVDA TPE:2330 AVGO AMD INTC TXN QCOM ADI MU XKRX:000660
Traded in Other Exchanges
N/A
Address
No. 2, Lane 908, Xiuwen Road, Room 1201, Minhang District, Shanghai, CHN, 201199
Website
https://www.awinic.com
Shanghai Awinic Technology Co Ltd is engaged in the research and development and sales of integrated circuit chips. The chips are used in mobile phones, artificial intelligence, Internet of Things, automotive electronics, wearable and consumer electronics and many other fields.

Shanghai Awinic Technology Co (SHSE:688798) Headlines

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