Beijing Labtech Instruments Co (SHSE:688056) Momentum Rank : 5 (As of May. 27, 2024)

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What is Beijing Labtech Instruments Co Momentum Rank?

Beijing Labtech Instruments 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 Beijing Labtech Instruments Co's Momentum Rank

For the Scientific & Technical Instruments subindustry, Beijing Labtech Instruments 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.

Beijing Labtech Instruments Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Beijing Labtech Instruments Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Beijing Labtech Instruments Co's Momentum Rank falls into.

Beijing Labtech Instruments Co Momentum Rank Related Terms

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Beijing Labtech Instruments Co (SHSE:688056) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Beijing Labtech Instruments Co Ltd (SHSE:688056) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tianzhu Airport Industrial Zone, Shunyi District, Beijing, CHN, 101312

Website

http://www.labtechgroup.com

Beijing Labtech Instruments Co Ltd is engaged in research and development, production and sales of experimental analysis instruments. The company's products are categorized into Lab Equipment; Sample Preparation; and Analytical Instruments. It supplies laboratorial products and solutions to all analytical laboratories covering environmental quality, food safety, pharmaceutical research, disease control, material analysis.

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