Hunan Yujing Machinery Co (SZSE:002943) Momentum Rank : 10 (As of Jun. 08, 2024)

View and export this data going back to 2018. Start your Free Trial

What is Hunan Yujing Machinery Co Momentum Rank?

Hunan Yujing Machinery Co 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 Hunan Yujing Machinery Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Hunan Yujing Machinery 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.

Hunan Yujing Machinery Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hunan Yujing Machinery Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hunan Yujing Machinery Co's Momentum Rank falls into.

Hunan Yujing Machinery Co Momentum Rank Related Terms

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

Hunan Yujing Machinery Co (SZSE:002943) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hunan Yujing Machinery Co Ltd (SZSE:002943) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.341 North Maliang Road, Changchun Economic Development Zone, Hunan Province, Yiyang, CHN

Website

http://en.yj-cn.com

Hunan Yujing Machinery Co Ltd specializes in developing and manufacturing lapping/polishing machines, multi-wire saws, and relevant spare parts. Yujing machines are uniquely designed for cutting, lapping, and polishing a wide variety of surfaces where flatness and ultra precision surface finish is critical. These materials include cover lens, solar wafer, magnetic material, sapphire,and other hard and fragile materials.

Executives

Luo Qun Qiang	Director
Zhang Guo Qiu	Directors, executives
Yang Yu Hong	Director

Hunan Yujing Machinery Co (SZSE:002943) Headlines

No Headlines