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Ruijie Networks Co (SZSE:301165) Momentum Rank : 0 (As of May. 28, 2024)


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What is Ruijie Networks Co Momentum Rank?

Ruijie Networks Co has the Momentum Rank of 0.

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.

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Ruijie Networks Co (SZSE:301165) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ruijie Networks Co Ltd (SZSE:301165) » Definitions » Momentum Rank
Comparable Companies
SHSE:600498 SHSE:603712 SZSE:300502 SHSE:688702 SHSE:600562 SHSE:688387 SZSE:300638 SZSE:002544 SZSE:002465 SZSE:300394 CSCO MSI SHSE:601138 HPE OHEL:NOKIA SZSE:000063 OSTO:ERIC B SHSE:688036 ZBRA TPE:2345
Traded in Other Exchanges
N/A
Address
No. 618, Jinshan Avenue, Building 19, Juyuanzhou Industrial Park, Cangshan District, Fujian Province, Fuzhou, CHN, 350002
Website
https://www.ruijie.com.cn
Ruijie Networks Co Ltd is engaged in the research and development, design and sales of network equipment, network security products and cloud desktop solutions.

Ruijie Networks Co (SZSE:301165) Headlines

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