Shougang Century Holdings (HKSE:00103) Momentum Rank : 9 (As of Apr. 28, 2024)

View and export this data going back to 1992. Start your Free Trial

What is Shougang Century Holdings Momentum Rank?

Shougang Century Holdings 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 Shougang Century Holdings's Momentum Rank

For the Steel subindustry, Shougang Century Holdings'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.

Shougang Century Holdings's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Shougang Century Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shougang Century Holdings's Momentum Rank falls into.

Shougang Century Holdings Momentum Rank Related Terms

Thank you for viewing the detailed overview of Shougang Century Holdings's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Shougang Century Holdings (HKSE:00103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shougang Century Holdings Ltd (HKSE:00103) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CW7:Germany

Address

6 Sun Yip Street, Room 1215, 12th Floor, Honour Industrial Centre, Chai Wan, Hong Kong, HKG

Website

https://www.shougangcentury.com.hk

Shougang Century Holdings Ltd along with its subsidiaries is engaged in the manufacturing and sales of steel cords for radial tyres, sawing wires and hose wires. The steel cords are specifically used in radial tires. The company generates majority of its revenue from the steel cord business in China. The Group's operations are currently organized into one reportable segment which is steel cord segment.

Shougang Century Holdings (HKSE:00103) Headlines

No Headlines