Anji Microelectronics Technology (Shanghai) Co (SHSE:688019) Momentum Rank : 5 (As of May. 25, 2024)

View and export this data going back to 2019. Start your Free Trial

What is Anji Microelectronics Technology (Shanghai) Co Momentum Rank?

Anji Microelectronics Technology (Shanghai) Co has the Momentum Rank of 5.

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 Anji Microelectronics Technology (Shanghai) Co's Momentum Rank

For the Semiconductor Equipment & Materials subindustry, Anji Microelectronics Technology (Shanghai) Co'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.

Anji Microelectronics Technology (Shanghai) Co's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Anji Microelectronics Technology (Shanghai) Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Anji Microelectronics Technology (Shanghai) Co's Momentum Rank falls into.

Anji Microelectronics Technology (Shanghai) Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Anji Microelectronics Technology (Shanghai) Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Anji Microelectronics Technology (Shanghai) Co (SHSE:688019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Anji Microelectronics Technology (Shanghai) Co Ltd (SHSE:688019) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 5001 Huadong Road, Bottom floor of T6-9 Building, Jinqiao Export Processing Zone (South District), Pudong New Area, Shanghai, CHN, 201201

Website

http://www.anjimicro.com

Anji Microelectronics Technology (Shanghai) Co Ltd is primarily involved in the research and development and industrialization of key semiconductor materials.

Executives

	Directors, senior managers
	Core technical personnel
Peng Hong Xiu	Core technical personnel
Yang Xun	senior management
Jing Jian Fen	Core technical personnel
Wang Xu Cheng	Core technical personnel
	Senior management, core technical personnel

Anji Microelectronics Technology (Shanghai) Co (SHSE:688019) Headlines

No Headlines