Guangdong Kingstrong Technology Co (SZSE:300629) Momentum Rank : 10 (As of Jun. 03, 2024)

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What is Guangdong Kingstrong Technology Co Momentum Rank?

Guangdong Kingstrong Technology 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 Guangdong Kingstrong Technology Co's Momentum Rank

For the Metal Fabrication subindustry, Guangdong Kingstrong 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.

Guangdong Kingstrong Technology Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangdong Kingstrong Technology Co's Momentum Rank distribution charts can be found below:

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

Guangdong Kingstrong Technology Co Momentum Rank Related Terms

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Guangdong Kingstrong Technology Co (SZSE:300629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Kingstrong Technology Co Ltd (SZSE:300629) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Bo Jin Road, Wujin Industirial Zone, Danzao town, Office Building and Workshop, Nanhai district, Guangdong, Foshan, CHN, 528216

Website

http://www.king-strong.com

King-Strong New Material Technology Co Ltd is a Chinese company engaged in offering superhard material products, electromagnetism, powder-metallurgy material and carbides coated composite products. The products have applications in the industry of ceramics, mine, construction, building materials, metallurgy, electricity, refractory material and military industry. The organization sells its products in China, and also exports it to the other countries. The product portfolio of the company includes diamond roller, diamond roller integrated, cylindrical wheel, and soft polishing resin sheet, among others.

Executives

Wang Gang	Directors, executives
Wen Jun	Director
Zhang Tian Rong	Directors, executives
Dong Xue You	Directors, executives
Peng Bo	Director
Luo Hai Yan	Executives
Wang Zhen Ming	Directors, executives
Kuang Tong Chun	Independent director
Hu Qun Mei	Supervisors

Guangdong Kingstrong Technology Co (SZSE:300629) Headlines

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