Fiyta Precision Technology Co (SZSE:000026) Momentum Rank : 8 (As of Jun. 05, 2024)

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What is Fiyta Precision Technology Co Momentum Rank?

Fiyta Precision Technology Co has the Momentum Rank of 8.

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 Fiyta Precision Technology Co's Momentum Rank

For the Luxury Goods subindustry, Fiyta Precision Technology 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.

Fiyta Precision Technology Co's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Fiyta Precision Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Fiyta Precision Technology Co's Momentum Rank falls into.

Fiyta Precision Technology Co Momentum Rank Related Terms

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Fiyta Precision Technology Co (SZSE:000026) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fiyta Precision Technology Co Ltd (SZSE:000026) » Definitions » Momentum Rank

Traded in Other Exchanges

200026:China

Address

Gaoxin South 1st Road, 20th Floor, FIYTA Hi-tech Building, Nanshan District, Shenzhen, CHN, 518057

Website

http://www.fiytagroup.com

Fiyta Precision Technology Co Ltd is a retailer of watches. Its activities include research, development, design, manufacturing, and retail for its self-own watch brands, and the retail business for watches. The sale of watches generates maximum revenue for the company. It also focuses on Precision Technology Business and Smart Wearable Business.

Executives

Liu Xiao Ming	Executives
Tang Hai Yuan	Executives
Lu Wan Jun	Executives
Li Ming	Executives
Huang Yong Feng	Director
Pan Bo	Executives
Lu Bing Qiang	Executives
Chen Zhuo	Executives
Chen Li Bin	Directors, executives

Fiyta Precision Technology Co (SZSE:000026) Headlines

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