Confidence Intelligence Holdings (HKSE:01967) Momentum Rank : 3 (As of May. 20, 2024)

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What is Confidence Intelligence Holdings Momentum Rank?

Confidence Intelligence Holdings has the Momentum Rank of 3.

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 Confidence Intelligence Holdings's Momentum Rank

For the Electronic Components subindustry, Confidence Intelligence Holdings'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.

Confidence Intelligence Holdings's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Confidence Intelligence Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Confidence Intelligence Holdings's Momentum Rank falls into.

Confidence Intelligence Holdings Momentum Rank Related Terms

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Confidence Intelligence Holdings (HKSE:01967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Confidence Intelligence Holdings Ltd (HKSE:01967) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fuyong Street, No. 7 Building, New Development Zone, Baoan District, Baishixia, Shenzhen, CHN

Website

http://www.szxinken.com/cn/

Confidence Intelligence Holdings Ltd is an electronic manufacturing services provider. It offers comprehensive assembling and production services of printed circuit board assembly in the PRC that integrate research and design, selection and procurement of raw materials, assembling of PCBAs, quality control, testing, logistics and aftersales services. The operating segments of the company comprises of Provision of EMS and Provision of Financial Application Platform and Platform Maintenance Services.

Confidence Intelligence Holdings (HKSE:01967) Headlines

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