Xiamen Changelight Co (SZSE:300102) Momentum Rank : 9 (As of May. 14, 2024)

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What is Xiamen Changelight Co Momentum Rank?

Xiamen Changelight Co has the Momentum Rank of 9.

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 Xiamen Changelight Co's Momentum Rank

For the Semiconductors subindustry, Xiamen Changelight 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.

Xiamen Changelight Co's Momentum Rank Distribution in the Semiconductors Industry

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

* The bar in red indicates where Xiamen Changelight Co's Momentum Rank falls into.

Xiamen Changelight Co Momentum Rank Related Terms

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Xiamen Changelight Co (SZSE:300102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Xiamen Changelight Co Ltd (SZSE:300102) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Xiangyue Road, Xiamen Torch Xiang An, Industry Park, Xiamen, CHN

Website

http://www.changelight.com.cn

Xiamen Changelight Co Ltd is engaged in the research, development, production, and sale of semiconductor materials in China. The company mainly produces full-color ultra-bright LED epitaxial wafers and chips, high-performance gallium arsenide solar cells, LED lighting products and provides energy-saving lighting application solutions. The product distribution network covers all parts of the country and Southeast Asia.

Xiamen Changelight Co (SZSE:300102) Headlines

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