Truking Technology (SZSE:300358) Momentum Rank : 8 (As of May. 24, 2024)

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What is Truking Technology Momentum Rank?

Truking Technology 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 Truking Technology's Momentum Rank

For the Medical Instruments & Supplies subindustry, Truking 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.

Truking Technology's Momentum Rank Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Truking Technology's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Truking Technology's Momentum Rank falls into.

Truking Technology Momentum Rank Related Terms

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Truking Technology (SZSE:300358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Truking Technology Ltd (SZSE:300358) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 1 Xinkang Road, Ningxiang, Yutan Town, Hunan Province, Changsha, CHN, 410600

Website

http://www.truking.com

Truking Technology Ltd operates in the pharmaceutical and medical equipment industry. It develops, designs, manufactures, sells and provides services for aqueous pharmaceutical equipment. The company offers solutions for Fluid Processing System, Ampoule Injectable Products Production, Vial Injectable Products Production, Plastic Bottle Blow-Fill-Seal Production, Cartridge Production, and others. It sells its products in China, and also exports it to the other countries.

Executives

Ceng Fan Yun	Directors, executives
Yang Wen Lu	Director
Tang Yue	Director
Zhou Fei Yue	Directors, Directors, and Executives
Zheng Qi Ping	Executives
Ceng He Qing	Executives
Qiu Yong Mou	Supervisors
Li Gang	Executives
Zhou Jing Ying	Executives
Liu Gui Lin	Supervisors

Truking Technology (SZSE:300358) Headlines

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