Foshan Nationstar Optoelectronics Co (SZSE:002449) Momentum Rank : 5 (As of Jun. 04, 2024)

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What is Foshan Nationstar Optoelectronics Co Momentum Rank?

Foshan Nationstar Optoelectronics Co has the Momentum Rank of 5.

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 Foshan Nationstar Optoelectronics Co's Momentum Rank

For the Semiconductors subindustry, Foshan Nationstar Optoelectronics 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.

Foshan Nationstar Optoelectronics Co's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Foshan Nationstar Optoelectronics Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Foshan Nationstar Optoelectronics Co's Momentum Rank falls into.

Foshan Nationstar Optoelectronics Co Momentum Rank Related Terms

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Foshan Nationstar Optoelectronics Co (SZSE:002449) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Foshan Nationstar Optoelectronics Co Ltd (SZSE:002449) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO.18 South Hua Bao Road, Chan Cheng District, FoShan, GuangDong, CHN, 528000

Website

http://www.nationstar.com

Foshan Nationstar Optoelectronics Co Ltd is a China-based company. It manufactures and sells LED and LED applied products. The company offers LED packaging technology and devices, including high-speed die bonding, wire bonding, precise color testing and bin-sorting machines, etc., as well as full-color LEDs for indoor and outdoor displays; and components for lighting, such as flip-chips, chip-on-board, and CSPs for a range of applications comprising illuminaires.

Executives

Wang Hai Jun	Executives
Li Cheng	Directors, executives
Lei Zi He	Directors, executives
Li Qi Ying	Executives
Wang Yao Hao	Director
Wei Cui E	Executives
Li Xu Feng	Supervisors
Song Dai Hui	Executives
Wang Sen	Directors, executives
Chen Rui Tian	Executives
Yan Xing	Supervisors
Cai Ju Yi	Supervisors
Yu Bin Hai	Director
Zhang Jian Qi	Director

Foshan Nationstar Optoelectronics Co (SZSE:002449) Headlines

No Headlines