IEIT Systems Co (SZSE:000977) Momentum Rank : 6 (As of May. 16, 2024)

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What is IEIT Systems Co Momentum Rank?

IEIT Systems Co has the Momentum Rank of 6.

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 IEIT Systems Co's Momentum Rank

For the Computer Hardware subindustry, IEIT Systems 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.

IEIT Systems Co's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where IEIT Systems Co's Momentum Rank falls into.

IEIT Systems Co Momentum Rank Related Terms

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IEIT Systems Co (SZSE:000977) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » IEIT Systems Co Ltd (SZSE:000977) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1036 Langchao Road, Shandong Province, Jinan, CHN, 250101

Website

http://www.inspur.com

IEIT Systems Co Ltd formerly Inspur Electronic Information Industry Co Ltd is a China-based cloud computing, big data service provider. It is engaged in providing cloud computing solutions and services at IaaS, PaaS and SaaS levels. Its products include rack servers, blade systems, mission-critical systems, storage devices, mainframe security products and others. The company assists customers to build platforms underpinned by cloud computing infrastructure and based on its information software for governments, enterprises, and industries, terminal products, and solutions, the company support governments, enterprises, and industries in cloud construction. The company ships its IT products and services internationally.

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