Zhejiang Songyuan Automotivefety Systems Co (SZSE:300893) Momentum Rank : 6 (As of Jun. 05, 2024)

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What is Zhejiang Songyuan Automotivefety Systems Co Momentum Rank?

Zhejiang Songyuan Automotivefety Systems Co has the Momentum Rank of 6.

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 Zhejiang Songyuan Automotivefety Systems Co's Momentum Rank

For the Auto Parts subindustry, Zhejiang Songyuan Automotivefety Systems 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.

Zhejiang Songyuan Automotivefety Systems Co's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang Songyuan Automotivefety Systems Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhejiang Songyuan Automotivefety Systems Co's Momentum Rank falls into.

Zhejiang Songyuan Automotivefety Systems Co Momentum Rank Related Terms

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Zhejiang Songyuan Automotivefety Systems Co (SZSE:300893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhejiang Songyuan Automotive Safety Systems Co Ltd (SZSE:300893) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 1 Yunheyan Road, Moushan Town, Zhejiang Province, Yuyao, CHN, 315456

Website

http://www.songyuansafety.com

Zhejiang Songyuan Automotive Safety Systems Co Ltd is engaged in the research and development, design, production, sales and service of automotive passive safety system products and special seat safety devices such as automotive seat belt assemblies and parts. The company's products include Bilateral pre-tensioning force limiting type; Unilateral pre-tensioning force limit type; Emergency locking force limit type; Ordinary emergency lock; Simple Lock; and High profile Components.

Zhejiang Songyuan Automotivefety Systems Co (SZSE:300893) Headlines

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