Shenzhen Jianyi Decoration Group Co (SZSE:002789) Momentum Rank : 1 (As of Jun. 14, 2024)

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What is Shenzhen Jianyi Decoration Group Co Momentum Rank?

Shenzhen Jianyi Decoration Group Co has the Momentum Rank of 1.

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 Shenzhen Jianyi Decoration Group Co's Momentum Rank

For the Engineering & Construction subindustry, Shenzhen Jianyi Decoration Group 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.

Shenzhen Jianyi Decoration Group Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shenzhen Jianyi Decoration Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shenzhen Jianyi Decoration Group Co's Momentum Rank falls into.

Shenzhen Jianyi Decoration Group Co Momentum Rank Related Terms

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Shenzhen Jianyi Decoration Group Co (SZSE:002789) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen Jianyi Decoration Group Co Ltd (SZSE:002789) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 3, Zhenxing Road, Floor 18 & 19, Jianyi Building, Futian District, Shenzhen, CHN, 518031

Website

http://www.jyzs.com.cn

Shenzhen Jianyi Decoration Group Co Ltd is a comprehensive architectural decoration enterprise which provides services to office buildings, government agencies, star-rated hotels, culture, and education. It is engaged in decoration, designing, and construction of buildings. Its portfolio includes Administrative Centers, Public Buildings, Star Hotels, Cultural and Sports Spaces, and Real Estate Projects.

Executives

Guo Wei	Director
Sun Yun	Directors, executives
Liu Guo Ping	Supervisors
Chen Jing Hui	Supervisors
Yan Ru Zhen	Directors, executives
Tian Li	Executives
Liu Hai Yun	Directors, executives
Liu Qing Yun	Executives
Liu Xiao Yi	Independent director

Shenzhen Jianyi Decoration Group Co (SZSE:002789) Headlines

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