Yimikang Tech Group Co (SZSE:300249) Momentum Rank : 7 (As of Jun. 04, 2024)

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What is Yimikang Tech Group Co Momentum Rank?

Yimikang Tech Group 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 Yimikang Tech Group Co's Momentum Rank

For the Electronic Components subindustry, Yimikang Tech Group 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.

Yimikang Tech Group Co's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Yimikang Tech Group Co's Momentum Rank falls into.

Yimikang Tech Group Co Momentum Rank Related Terms

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Yimikang Tech Group Co (SZSE:300249) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yimikang Tech Group Co Ltd (SZSE:300249) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, South 2nd Road, Keyuan , High-tech Zone, Sichuan Province, Chengdu, CHN, 610041

Website

http://www.sunrisegroup.com.cn

Yimikang Tech Group Co Ltd offers precision environment integrated solutions & services. It provides technology and solution services for IT construction, large healthcare construction, environmental governance and other cloud computing data centers. It operates in the business areas of the Information field, Medical field, and Environmental protection field. In the Information field, the company offers advanced products and total solutions in the fields of communication equipment, data center, smart building, and energy management. In the Medical field, it offers medical purification engineering, hospital's overall logistics system and medical equipment sales, and other services. Environmental protection consists of operation in the field of dust removal, desulfurization and out of stock.

Executives

Zhang Wan	Directors, executives
Sun Jing Jing	Directors, executives
Sun Yi Zheng	Director
Wang Qian	Executives
Zhang Min	Securities Affairs Representative
Li Nian	Supervisors
Zhou Shu Lan	Directors, executives
Huang Jian Jun	Executives
Xu Xiao	Director
Song Bin	Supervisors

Yimikang Tech Group Co (SZSE:300249) Headlines

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