Shenzhen Honor Electronic Co (SZSE:300870) Momentum Rank : 8 (As of May. 26, 2024)

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What is Shenzhen Honor Electronic Co Momentum Rank?

Shenzhen Honor Electronic Co has the Momentum Rank of 8.

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 Shenzhen Honor Electronic Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, Shenzhen Honor Electronic 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 Honor Electronic Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen Honor Electronic Co's Momentum Rank distribution charts can be found below:

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

Shenzhen Honor Electronic Co Momentum Rank Related Terms

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Shenzhen Honor Electronic Co (SZSE:300870) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Honor Electronic Co Ltd (SZSE:300870) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

ushu 2nd Road, Xixiang Street, Building 1, 2, and 3 of Xinghui Industrial Plant Area, Buildings A, B and C of Xinghui Science Park, Baoan District, Guangdong Province, Shenzhen, CHN, 518000

Website

http://www.honor-cn.com

Shenzhen Honor Electronic Co Ltd is engaged in production and sales of switching power supply products. The company supplies switching power adapter and IPC and provides Quick charge, type-C charger, PD Power Supply and intelligent home devices. Its product categories include Structure; PD Power; Power; Safety Segulation; Lightning Stroke; and Standard.

Shenzhen Honor Electronic Co (SZSE:300870) Headlines

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