Sichuan Etrol Technologies Co (SZSE:300370) Momentum Rank : 4 (As of May. 12, 2024)

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What is Sichuan Etrol Technologies Co Momentum Rank?

Sichuan Etrol Technologies Co has the Momentum Rank of 4.

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 Sichuan Etrol Technologies Co's Momentum Rank

For the Scientific & Technical Instruments subindustry, Sichuan Etrol Technologies 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.

Sichuan Etrol Technologies Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sichuan Etrol Technologies Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sichuan Etrol Technologies Co's Momentum Rank falls into.

Sichuan Etrol Technologies Co Momentum Rank Related Terms

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Sichuan Etrol Technologies Co (SZSE:300370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sichuan Etrol Technologies Co Ltd (SZSE:300370) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 9, Jinrun Industrial Park, Xuzhou District, Sichuan Province, Yibin, CHN, 100095

Website

http://www.etrol.com

Sichuan Etrol Technologies Co Ltd is a Chinese manufacturer of automation products. Its products include DCS, RTU, instruments, environment protection equipment, skid-mounted equipment and application software, and others. The company offers solutions to customers in various industries, covering Oil & Gas, Chemical Industry, Coal bed Methane (CBM), water and waste water, heating, city gas, power plant, environment protection, robot, intelligent building, smart granary, smart city, among others.

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