Shenzhen Rapoo Technology Co (SZSE:002577) Momentum Rank : 7 (As of Jun. 05, 2024)

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What is Shenzhen Rapoo Technology Co Momentum Rank?

Shenzhen Rapoo Technology 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 Shenzhen Rapoo Technology Co's Momentum Rank

For the Computer Hardware subindustry, Shenzhen Rapoo 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.

Shenzhen Rapoo Technology Co's Momentum Rank Distribution in the Hardware Industry

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

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

Shenzhen Rapoo Technology Co Momentum Rank Related Terms

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Shenzhen Rapoo Technology Co (SZSE:002577) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Rapoo Technology Co Ltd (SZSE:002577) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 22, Jinxiu East Road, Daxing Industrial Zone, Kengzi Street, Pingshan New District, Guangdong, Shenzhen, CHN, 518122

Website

http://www.rapoo.com

Shenzhen Rapoo Technology Co Ltd is a China-based company engaged in the research and development, manufacture and distribution of computer peripheral equipment. Its products portfolio consists of mice, such as wireless laser mouse, wireless touch mouse, wireless optical mouse, Bluetooth optical mouse, and others; keyboards, such as wireless optical combos, wireless multi-media touchpad keyboards, wireless ultra-slim keyboards and others, as well as other peripheral equipment. The company distributes its products within domestic market and to overseas markets.

Executives

Ceng Hao	Directors, executives
Wang Xing Hai	Executives
Li Zheng	Executives
Wang Xue Mei	Executives
Xie Hai Bo	Directors, executives, securities affairs represen
Yu Xin	Directors, executives

Shenzhen Rapoo Technology Co (SZSE:002577) Headlines

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