Elec-tech International Co (SZSE:002005) Momentum Rank : 7 (As of Jun. 01, 2024)

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What is Elec-tech International Co Momentum Rank?

Elec-tech International Co has the Momentum Rank of 7.

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 Elec-tech International Co's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, Elec-tech International 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.

Elec-tech International Co's Momentum Rank Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Elec-tech International Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Elec-tech International Co's Momentum Rank falls into.

Elec-tech International Co Momentum Rank Related Terms

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Elec-tech International Co (SZSE:002005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Elec-tech International Co Ltd (SZSE:002005) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 1 Jinfeng Road, Tangjiawan Town, Xiangzhou District, Guangdong Province, Zhuhai, CHN, 519085

Website

http://www.electech.com.cn

Elec-tech International Co Ltd is mainly engaged in research, development, manufacture, and sales of small household electrical appliances and LED products. It offers small appliances and LED related products such as LED illumination, LED display, LED part and LED chip under the ETi brand.

Executives

Ji Xue Bin	Directors, executives
Li Ting Hong	Supervisors
Yang Hong	Supervisors
Deng Fei	Directors, executives
Zhang Gang	Executives
Yang Yan	Director
Hu Zhang Shun	Director
Cui Hai Long	Director

Elec-tech International Co (SZSE:002005) Headlines

No Headlines