Skyworth Group (HKSE:00751) Momentum Rank : 8 (As of May. 24, 2024)

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What is Skyworth Group Momentum Rank?

Skyworth Group 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 Skyworth Group's Momentum Rank

For the Consumer Electronics subindustry, Skyworth Group'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.

Skyworth Group's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where Skyworth Group's Momentum Rank falls into.

Skyworth Group Momentum Rank Related Terms

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Skyworth Group (HKSE:00751) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Skyworth Group Ltd (HKSE:00751) » Definitions » Momentum Rank

Traded in Other Exchanges

SWDHF:USA KYW:Germany

Address

20 Westlands Road, Rooms 1601-04 Westlands Centre, Quarry Bay, Hong Kong, HKG

Website

http://www.skyworth.com

Skyworth Group Ltd is principally engaged in the manufacture and sales of smart TV systems, home access systems, smart white appliances, intelligent manufacturing, internet value-added services, property development, property holding, photovoltaic products, modern services, and trading of other products. The company has four operating segments; Multimedia business, Smart systems technology business, New energy business, and Smart appliances business. The Group's operations are located in the PRC, Asia (other than the PRC), the Americas, Europe, Africa, and other regions and it derives a majority of its revenue from the People's Republic of China.

Executives

Target Success Group (ptc) Limited	2301 Trustee
Lin Wei Ping	2501 Other
Wong Wang Sang Stephen	2501 Other

Skyworth Group (HKSE:00751) Headlines

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