Hefei Meyer Optoelectronic Technology (SZSE:002690) Momentum Rank : 10 (As of May. 26, 2024)

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What is Hefei Meyer Optoelectronic Technology Momentum Rank?

Hefei Meyer Optoelectronic Technology has the Momentum Rank of 10.

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 Hefei Meyer Optoelectronic Technology's Momentum Rank

For the Specialty Industrial Machinery subindustry, Hefei Meyer Optoelectronic Technology'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.

Hefei Meyer Optoelectronic Technology's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hefei Meyer Optoelectronic Technology's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hefei Meyer Optoelectronic Technology's Momentum Rank falls into.

Hefei Meyer Optoelectronic Technology Momentum Rank Related Terms

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Hefei Meyer Optoelectronic Technology (SZSE:002690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hefei Meyer Optoelectronic Technology Inc (SZSE:002690) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 668 Wangjiang Road, Hefei Hi-tech Industrial Development Zone, Anhui Province, Hefei, CHN, 230088

Website

http://www.chinameyer.com

Hefei Meyer Optoelectronic Technology Inc develops, manufactures and sells photoelectric detection and classification equipment. Its products include Color Sorter, X-ray inspection and others.

Executives

Hao Xian Jin	Director
Tian Ming	Director
Jiang Dong	Executives
Zhang Jian Jun	Executives
Ni Ying Jiu	Executives
Xu Peng	Directors, executives
Lin Mao Xian	Directors, executives
Xiang Cheng	Executives
Zhao Hui Fang	Independent director
Han Li Ming	Supervisors
Yu Neng Hong	Director

Hefei Meyer Optoelectronic Technology (SZSE:002690) Headlines

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