Beijing Forever Technology Co (SZSE:300365) Momentum Rank : 5 (As of May. 27, 2024)

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What is Beijing Forever Technology Co Momentum Rank?

Beijing Forever Technology Co has the Momentum Rank of 5.

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 Beijing Forever Technology Co's Momentum Rank

For the Software - Application subindustry, Beijing Forever Technology 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.

Beijing Forever Technology Co's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Beijing Forever Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Beijing Forever Technology Co's Momentum Rank falls into.

Beijing Forever Technology Co Momentum Rank Related Terms

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Beijing Forever Technology Co (SZSE:300365) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Forever Technology Co Ltd (SZSE:300365) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.138 Andingmenwai Street, 12th Floor, Tower A, Huangcheng International Center, Dongcheng District, Beijing, CHN, 100011

Website

http://www.ieforever.com

Beijing Forever Technology Co Ltd is a Chinese high-tech company engaged in providing smart grid solutions and services. It offers full life cycle informatization solutions, power engineering consultation, power investigation and surveying and EPC for power transmission and transformation. In addition, the company also provides solutions for the businesses of new energy, smart transportation, electricity sales service, hydropower, environmental protection, and others. The company also provides support to overseas business by offering electric power and power grid engineering design, construction, new energy design and development, and informatization construction in related industries.

Executives

Luo Xin Wei	Directors, executives
Meng Ling Jun	Directors, executives
Hu Bao Liang	Supervisors
Jiang Chun Hua	Director

Beijing Forever Technology Co (SZSE:300365) Headlines

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