Himile Mechanical Science And Technology(Shangdong) Co (SZSE:002595) Momentum Rank : 3 (As of May. 27, 2024)

View and export this data going back to 2011. Start your Free Trial

What is Himile Mechanical Science And Technology(Shangdong) Co Momentum Rank?

Himile Mechanical Science And Technology(Shangdong) Co has the Momentum Rank of 3.

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 Himile Mechanical Science And Technology(Shangdong) Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Himile Mechanical Science And Technology(Shangdong) 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.

Himile Mechanical Science And Technology(Shangdong) Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Himile Mechanical Science And Technology(Shangdong) Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Himile Mechanical Science And Technology(Shangdong) Co's Momentum Rank falls into.

Himile Mechanical Science And Technology(Shangdong) Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Himile Mechanical Science And Technology(Shangdong) Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Himile Mechanical Science And Technology(Shangdong) Co (SZSE:002595) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Himile Mechanical Science And Technology(Shangdong) Co Ltd (SZSE:002595) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 1 Himile Road, Mishui Science and Technology Industrial Park, Gaomi, CHN, 261500

Website

http://www.himile.com

Himile Mechanical Science And Technology(Shangdong) Co Ltd is a Chinese company engaged in the research and development, production and sale of rubber machinery and mold products. It is mainly involved in three sectors which are top grade tire mold, high-end mechanical parts manufacturing and oil and gas equipment sector. The products manufactured by the group are involved in the fields of mechanical manufacturing, marine, rail transit, fuel gas, education, and others.

Executives

Zhang Gong Yun	Director
Zhang Yan	Directors, executives
Liu Sheng Jun	Supervisors
Feng Min Tang	Director
Ni Hao Yan	Independent director
Luan Xiao Mei	Securities Affairs Representative

Himile Mechanical Science And Technology(Shangdong) Co (SZSE:002595) Headlines

No Headlines