MLS Co (SZSE:002745) Momentum Rank : 9 (As of Oct. 09, 2024)

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What is MLS Co Momentum Rank?

MLS Co has the Momentum Rank of 9.

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.

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Competitive Comparison of MLS Co's Momentum Rank

For the Electronic Components subindustry, MLS 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.

MLS Co's Momentum Rank Distribution in the Hardware Industry

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

* The bar in red indicates where MLS Co's Momentum Rank falls into.

MLS Co Momentum Rank Related Terms

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MLS Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MLS Co Ltd (SZSE:002745) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 MLS Road, Xiaolan Town, Zhongshan, Guangdong, CHN, 528415

Website

http://www.zsmls.com

MLS Co Ltd is a China-based company engages in the manufacturing and packaging of LED light bulbs. It offers LED ceiling lights, road lights, kitchen lamps, downlights, candle lights, bulb lights, tube lights, rail lamps, grille lamps, filament bulbs, and diodes, as well as light strip. Its products are widely used in commercial lighting, home lighting, industrial and public lighting. The company distributes its products in domestic market and to overseas markets.

Executives

Sun Qing Huan	Directors, executives
Zhou Li Hong	Directors, executives
Zheng Ming Bo	Directors, executives
Li Guan Qun	Executives
Xiao Yan Song	Secretary Dong
Liu Tian Ming	Supervisors
Yi Ya Nan	Directors, executives
Wang Gang	Independent director

MLS Co Headlines

No Headlines