Foshan Golden Milky Way Intelligent Equipment Co (SZSE:300619) Momentum Rank : 5 (As of Jun. 05, 2024)

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What is Foshan Golden Milky Way Intelligent Equipment Co Momentum Rank?

Foshan Golden Milky Way Intelligent Equipment 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.

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Competitive Comparison of Foshan Golden Milky Way Intelligent Equipment Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Foshan Golden Milky Way Intelligent Equipment 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.

Foshan Golden Milky Way Intelligent Equipment Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Foshan Golden Milky Way Intelligent Equipment Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Foshan Golden Milky Way Intelligent Equipment Co's Momentum Rank falls into.

Foshan Golden Milky Way Intelligent Equipment Co Momentum Rank Related Terms

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Foshan Golden Milky Way Intelligent Equipment Co (SZSE:300619) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Foshan Golden Milky Way Intelligent Equipment Co Ltd (SZSE:300619) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, 2, 4, 5, 6 and 7 of Baoyun Road, Southwest Street, Sanshui District, Guangdong Province, Foshan, CHN, 528100

Website

http://www.goldenyh.com

Foshan Golden Milky Way Intelligent Equipment Co Ltd is engaged in the research, development, design, and production of intelligent systems for measuring, mixing, dispersing, reacting, filling, packaging, on-line inspection, and central control. Its products are mainly used in silicone and polymer compounds, lithium battery industry, biochemistry and other fields.

Executives

Xiong Ren Feng	Directors, executives
Liang Ke	Directors, executives
Wang Bao Hua	Supervisors
Zhang Qi Fa	Directors, executives
Lang Xiang Fei	Directors, executives
Yu Dan Xian	Supervisors

Foshan Golden Milky Way Intelligent Equipment Co (SZSE:300619) Headlines

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