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Changzhou Fusion New Material Co (SHSE:688503) Momentum Rank : 0 (As of Jun. 11, 2024)


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What is Changzhou Fusion New Material Co Momentum Rank?

Changzhou Fusion New Material Co has the Momentum Rank of 0.

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.

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Changzhou Fusion New Material Co (SHSE:688503) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Changzhou Fusion New Material Co Ltd (SHSE:688503) » Definitions » Momentum Rank
Comparable Companies
SHSE:688408 SZSE:300827 SZSE:002610 SZSE:300393 SHSE:600537 SHSE:603105 SZSE:002218 SZSE:301162 SZSE:002506 SHSE:603366 FSLR SHSE:688223 ENPH SZSE:002459 SHSE:688599 SHSE:688472 HKSE:00968 SHSE:600732 SEDG HKSE:03800
Traded in Other Exchanges
N/A
Address
No. 66 Liuyanghe Road, Xinbei District, Jiangsu Province, Changzhou, CHN, 213031
Website
http://www.fusion-cz.com
Changzhou Fusion New Material Co Ltd specializes in the research and development, production and sales of new electronic pastes. The company's main product is front silver paste for solar cells. Front silver paste is a functional material based on silver powder, which is the key material for the preparation of solar cell metal electrodes. Its product performance and preparation process are directly related to the photoelectric conversion efficiency of solar cells.
Executives
Ren Yi Chao Core technical personnel

Changzhou Fusion New Material Co (SHSE:688503) Headlines

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