Qingdao Topscomm Communication (SHSE:603421) Momentum Rank : 1 (As of May. 28, 2024)

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What is Qingdao Topscomm Communication Momentum Rank?

Qingdao Topscomm Communication has the Momentum Rank of 1.

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 Qingdao Topscomm Communication's Momentum Rank

For the Scientific & Technical Instruments subindustry, Qingdao Topscomm Communication'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.

Qingdao Topscomm Communication's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Qingdao Topscomm Communication's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Qingdao Topscomm Communication's Momentum Rank falls into.

Qingdao Topscomm Communication Momentum Rank Related Terms

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Qingdao Topscomm Communication (SHSE:603421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Qingdao Topscomm Communication Inc (SHSE:603421) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 288 Ningxia Road, 5th Floor, No. 6 Building, Qingdao Software Park, Shinan District, Qingdao City, CHN, 266024

Website

http://www.topscomm.com

Qingdao Topscomm Communication Inc designs, researches and develops, manufactures, and sells smart products for electric power and fire protection in China. It also engages in the research and development of power line carrier communication chips and fieldbus communication chips. Its products include smart energy meters, such as smart prepayment and advanced metering infrastructure (AMI), power line carrier communication system; chips; terminal collecting device such as concentrator and state grid concentrator; and intelligent indoor terminal. It also provides AMI, prepayment vending, water/gas/heat and electricity meter AMR/AMI, distribution automation and management, and low and medium voltage PLC communication solutions.

Executives

Ge Jun	Directors, senior managers
Zhou Li Min	senior management
Fan Jian Hua	Directors, senior managers
Xu Rui	Supervisors
Bao Chun Xia	senior management
Xu Guang Yi	senior management

Qingdao Topscomm Communication (SHSE:603421) Headlines

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