Shenzhen Refond Optoelectronics Co (SZSE:300241) Momentum Rank : 1 (As of May. 28, 2024)

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What is Shenzhen Refond Optoelectronics Co Momentum Rank?

Shenzhen Refond Optoelectronics Co has the Momentum Rank of 1.

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.

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Competitive Comparison of Shenzhen Refond Optoelectronics Co's Momentum Rank

For the Semiconductors subindustry, Shenzhen Refond 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.

Shenzhen Refond Optoelectronics Co's Momentum Rank Distribution in the Semiconductors Industry

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

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

Shenzhen Refond Optoelectronics Co Momentum Rank Related Terms

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Shenzhen Refond Optoelectronics Co (SZSE:300241) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shenzhen Refond Optoelectronics Co Ltd (SZSE:300241) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tenth Industrial Zone, Tianyu Community, Gongming Office, 6th Floor, Building 1, Guangming New District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.refond.com

Shenzhen Refond Optoelectronics Co Ltd is a Chinese company principally engaged in offering lighting solutions. In produces and sells UV modules and components, automotive modules and components, LED special application modules, general and special lighting modules, indoor and outdoor lightings, Chip LEDs, TOP LEDs, Power LEDs, among others. The company's products are sold in China and other countries.

Executives

Ge Zhi Jian	Executives
Liu Ya Fang	Securities Affairs Representative
Pei Xiao Ming	Executives
Jian Xiao Hua	Supervisors
Gong Wei Bin	Directors, executives
Hu Jian Hua	Director
Zhuang Ji Li	Executives
Wu Qiang	Directors, executives
Peng Xiao Ling	Executives
Ke Han Hua	Director
Long Sheng	Director
Lin Chang	Directors, executives
Zhou Wen Hao	Director

Shenzhen Refond Optoelectronics Co (SZSE:300241) Headlines

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