GCOM Technology Co (BJSE:838924) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is GCOM Technology Co Momentum Rank?

GCOM Technology 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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GCOM Technology Co (BJSE:838924) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

No. 101, Binkang Road, Xixing Street, Room 605, 606, 608, Building 7, Binjiang District, Zhejiang Province, Hangzhou City, CHN, 310051

Website

http://www.gcomtechnology.com

GCOM Technology Co Ltd is a comprehensive solution provider dedicated to providing information and communication technology. The firm's solutions comprise Information and communication system integration, ICT industry application, asset operation service, and digital content service. It mainly offers information system integration services; 5G communication technology services; rail transit communication signal system development; contract energy management; energy-saving management services; technical services, technology development, technical consulting, technical exchanges, technology transfers, and technology promotion, among others.

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