Chengdu Qinchuan IoT Technology Co (SHSE:688528) Momentum Rank : 2 (As of May. 28, 2024)

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What is Chengdu Qinchuan IoT Technology Co Momentum Rank?

Chengdu Qinchuan IoT Technology Co has the Momentum Rank of 2.

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 Chengdu Qinchuan IoT Technology Co's Momentum Rank

For the Scientific & Technical Instruments subindustry, Chengdu Qinchuan IoT Technology 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.

Chengdu Qinchuan IoT Technology Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Chengdu Qinchuan IoT Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Chengdu Qinchuan IoT Technology Co's Momentum Rank falls into.

Chengdu Qinchuan IoT Technology Co Momentum Rank Related Terms

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Chengdu Qinchuan IoT Technology Co (SHSE:688528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Chengdu Qinchuan IoT Technology Co Ltd (SHSE:688528) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.931 South Fourth Road, Economic Development Zone, Longquanyi District, Sichuan Province, Chengdu, CHN, 610100

Website

http://www.cdqckj.com

Chengdu Qinchuan IoT Technology Co Ltd is engaged in manufacturing, sales and service of smart gas meters and Internet of Things system software. The company's main products are IC card smart gas meters, Internet of things smart gas meters, membrane gas meters, remote control smart gas meters and industrial and commercial gas meters.

Executives

Wu Yue Fei	Core technical personnel
Wang Jun	Supervisors
Liu Rong Fei	Supervisors
Li Yong	Directors, senior managers, core technical personn
Meng An Hua	Director
Xiang Hai Tang	Directors, senior managers, core technical personn
Quan Ya Qiang	Supervisors, core technical personnel
Li Yu Zhou	Director

Chengdu Qinchuan IoT Technology Co (SHSE:688528) Headlines

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