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Guangdong Dowstone Technology co (SZSE:300409) Momentum Rank : 9 (As of May. 31, 2024)


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What is Guangdong Dowstone Technology co Momentum Rank?

Guangdong Dowstone Technology 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.


Competitive Comparison of Guangdong Dowstone Technology co's Momentum Rank

For the Specialty Chemicals subindustry, Guangdong Dowstone 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 Dowstone Technology co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Guangdong Dowstone Technology co's Momentum Rank distribution charts can be found below:

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



Guangdong Dowstone Technology co Momentum Rank Related Terms

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Guangdong Dowstone Technology co (SZSE:300409) Business Description

Traded in Other Exchanges
N/A
Address
2nd Floor, 30 world Jihua, Four Italian American Ceramic Sanitary Ware, Foshan, Guangdong, CHN
Guangdong Dowstone Technology co Ltd is a domestic ceramic product full-service chain product and service provider. The company also provides package product solutions and raw material procurement management services for high-end ceramics manufacturers at home and abroad. Its product offerings include Ceramic ink, Enamel glaze, One-time burning, Full caste Glaze, and others. The company's solutions consist of Digital overall solution, Finished glaze overall solution, Dry powder dry granule overall solution, Total solution service process, and other solutions.
Executives
Rong Ji Hua Director
Zhang Yi Directors, executives
Wang Hai Qing Director
Liang Hai Yan Director
He Xiang Yong Executives

Guangdong Dowstone Technology co (SZSE:300409) Headlines

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