Queclink Wireless Solutions Co (SZSE:300590) Momentum Rank : 6 (As of May. 21, 2024)

View and export this data going back to 2017. Start your Free Trial

What is Queclink Wireless Solutions Co Momentum Rank?

Queclink Wireless Solutions Co has the Momentum Rank of 6.

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 Queclink Wireless Solutions Co's Momentum Rank

For the Scientific & Technical Instruments subindustry, Queclink Wireless Solutions 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.

Queclink Wireless Solutions Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Queclink Wireless Solutions Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Queclink Wireless Solutions Co's Momentum Rank falls into.

Queclink Wireless Solutions Co Momentum Rank Related Terms

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

Queclink Wireless Solutions Co (SZSE:300590) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Queclink Wireless Solutions Co Ltd (SZSE:300590) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

717 Yishan Road, 3rd Floor, Xuhui District, Shanghai, CHN, 200233

Website

http://www.queclink.com

Queclink Wireless Solutions Co Ltd is a China based company engaged in supplying machine-to-machine (M2M) devices and solutions. The products offered by the company are asset trackers, personal trackers, vehicle tracker, and other accessories. It also offers solutions such as asset tracking, lone workers, telecare, monitoring, and fleet management.

Queclink Wireless Solutions Co (SZSE:300590) Headlines

No Headlines