Zhejiang Crystal-OpTech Co (SZSE:002273) Momentum Rank : 6 (As of May. 18, 2024)

View and export this data going back to 2008. Start your Free Trial

What is Zhejiang Crystal-OpTech Co Momentum Rank?

Zhejiang Crystal-OpTech Co has the Momentum Rank of 6.

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 Zhejiang Crystal-OpTech Co's Momentum Rank

For the Electronic Components subindustry, Zhejiang Crystal-OpTech 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.

Zhejiang Crystal-OpTech Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Zhejiang Crystal-OpTech Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhejiang Crystal-OpTech Co's Momentum Rank falls into.

Zhejiang Crystal-OpTech Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Zhejiang Crystal-OpTech Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Crystal-OpTech Co (SZSE:002273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhejiang Crystal-OpTech Co Ltd (SZSE:002273) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tower A5, Xingxing Electronic Industrial Zone, Jiaojiang District, Zhejiang, Taizhou, CHN, 318015

Website

http://www.crystal-optech.com

Zhejiang Crystal-OpTech Co Ltd is a China-based high-tech company. It is engaged in the research, development, manufacture, and sale of optoelectronic components. The main products of the company are applied to the digital camera, mobile phone camera, security monitoring camera, computer camera and other digital camera lenses, semiconductor illumination, micro projector, smart glasses, road traffic mark and safety protection. The company has the precise optical cold working technology, super-hard material optical process technology, precise optical film, semiconductor process, coating, and embedding core technologies.

Zhejiang Crystal-OpTech Co (SZSE:002273) Headlines

No Headlines