HiVi Acoustics Technology Co (SZSE:002888) Momentum Rank : 5 (As of Jun. 03, 2024)

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What is HiVi Acoustics Technology Co Momentum Rank?

HiVi Acoustics Technology 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 HiVi Acoustics Technology Co's Momentum Rank

For the Consumer Electronics subindustry, HiVi Acoustics 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.

HiVi Acoustics Technology Co's Momentum Rank Distribution in the Hardware Industry

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

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

HiVi Acoustics Technology Co Momentum Rank Related Terms

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HiVi Acoustics Technology Co (SZSE:002888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » HiVi Acoustics Technology Co Ltd (SZSE:002888) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.13, Sansha Road, Dongyong Town, Nansha District, Guangzhou, CHN, 511453

Website

http://Www.hivi.com

HiVi Acoustics Technology Co Ltd is engaged in the manufacturing of speaker products in China. It manufactures a wide range of electro-acoustic products including home theater, smart speakers, pro-audio, car audio, public audio systems, high-fidelity multimedia speakers and speaker drivers. It produces their products almost entirely inhouse, with a vertically intergraded production process that includes automatic assembly lines, SMT electronic parts production, CNC wood processing center, and lacquer-finish workshops.

Executives

Director

HiVi Acoustics Technology Co (SZSE:002888) Headlines

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