Shanxi Securities Co (SZSE:002500) Momentum Rank : 10 (As of May. 27, 2024)

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What is Shanxi Securities Co Momentum Rank?

Shanxi Securities 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 Shanxi Securities Co's Momentum Rank

For the Capital Markets subindustry, Shanxi Securities 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.

Shanxi Securities Co's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Shanxi Securities Co's Momentum Rank distribution charts can be found below:

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

Shanxi Securities Co Momentum Rank Related Terms

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Shanxi Securities Co (SZSE:002500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Shanxi Securities Co Ltd (SZSE:002500) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

69 Fuxi Street, Shanxi International Trade Center, East Tower, Taiyuan, CHN, 030002

Website

http://www.i618.com.cn

Shanxi Securities Co Ltd provides financial services in China. It primarily focuses on all securities fields, which are distributed in wealth management, asset management, investment management, investment and financing, research, futures, international business, and other including securities brokerage; securities investment consulting; financial advisors related to securities trading and securities investment activities; securities investment fund sales agency; intermediate introduction business for futures companies; margin financing and securities lending.

Executives

Guo Jiang Ming	Supervisors
Li Zhao Hui	Director
You Ji Min	Supervisors

Shanxi Securities Co (SZSE:002500) Headlines

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