Sensteed Hi-tech Group (SZSE:000981) Momentum Rank : 8 (As of May. 26, 2024)

View and export this data going back to 2000. Start your Free Trial

What is Sensteed Hi-tech Group Momentum Rank?

Sensteed Hi-tech Group has the Momentum Rank of 8.

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 Sensteed Hi-tech Group's Momentum Rank

For the Auto Manufacturers subindustry, Sensteed Hi-tech Group'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.

Sensteed Hi-tech Group's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sensteed Hi-tech Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sensteed Hi-tech Group's Momentum Rank falls into.

Sensteed Hi-tech Group Momentum Rank Related Terms

Thank you for viewing the detailed overview of Sensteed Hi-tech Group's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Sensteed Hi-tech Group (SZSE:000981) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sensteed Hi-tech Group (SZSE:000981) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 1800, Zhongshan East Road, 42nd Floor, Guohua Financial Center, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315100

Website

https://www.sensteed.com

Sensteed Hi-tech Group is engaged in the New energy business. It's actively deploying new energy vehicles & semiconductors Dual industry chains to create a high-end manufacturing ecosystem that is interconnected and interactive with multiple industries such as new energy vehicle manufacturing, semiconductor packaging materials, high-end automotive parts, and travel services.

Executives

Xiong Xu Qiang	Director
Wu Xi Liang	Director
Liang Yong Bo	Supervisors
Xu Hai Jiang	Supervisors
Jin Zhao Xiu	Director
Hou Xin Cai	Executives

Sensteed Hi-tech Group (SZSE:000981) Headlines

No Headlines