TES Touch Embedded Solutions (Xiamen) Co (SZSE:003019) Momentum Rank : 6 (As of May. 30, 2024)

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What is TES Touch Embedded Solutions (Xiamen) Co Momentum Rank?

TES Touch Embedded Solutions (Xiamen) 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 TES Touch Embedded Solutions (Xiamen) Co's Momentum Rank

For the Electronic Components subindustry, TES Touch Embedded Solutions (Xiamen) 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.

TES Touch Embedded Solutions (Xiamen) Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TES Touch Embedded Solutions (Xiamen) Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where TES Touch Embedded Solutions (Xiamen) Co's Momentum Rank falls into.

TES Touch Embedded Solutions (Xiamen) Co Momentum Rank Related Terms

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TES Touch Embedded Solutions (Xiamen) Co (SZSE:003019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TES Touch Embedded Solutions (Xiamen) Co Ltd (SZSE:003019) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinglin South Road, Workshop No. 60, Jimei District, Fujian Province, Xiamen, CHN, 361022

Website

https://www.tes-tec.com

TES Touch Embedded Solutions (Xiamen) Co Ltd is a provider, of touchscreen products, ranging from touch display modules to all-in-one multi-touch computer systems in industry and business fields. It Offers a wide variety of touch technologies and panel sizes from 7 inches to 86 inches with capabilities of tailoring these solutions to fit unique customer applications. Its product are utilized in hospitality, medical, financial, retail point-of-sale, industrial and more. The company's Open Frame Monitor; Touch Display Module; Desktop Monitor; Panel PC / AIO System; KIOSK/SCO; Digital Signage; Box PC; and PCBA.

TES Touch Embedded Solutions (Xiamen) Co (SZSE:003019) Headlines

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