Suzhou Jcon Building Technology Co (BJSE:836149) Momentum Rank : 3 (As of Jun. 23, 2024)

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What is Suzhou Jcon Building Technology Co Momentum Rank?

Suzhou Jcon Building Technology 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 Suzhou Jcon Building Technology Co's Momentum Rank

For the Engineering & Construction subindustry, Suzhou Jcon Building 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.

Suzhou Jcon Building Technology Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Suzhou Jcon Building Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Suzhou Jcon Building Technology Co's Momentum Rank falls into.

Suzhou Jcon Building Technology Co Momentum Rank Related Terms

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Suzhou Jcon Building Technology Co (BJSE:836149) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Suzhou Jcon Building Technology Co Ltd (BJSE:836149) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 111, Bada Street, 10th Floor, Zhongheng Design Building, Suzhou Industrial Park, Suzhou, CHN, 215000

Website

http://www.jcongroup.cn

Suzhou Jcon Building Technology Co Ltd enterprise specializes in prefabricated building and construction. Its main business involves new prefabricated walls, and professional contracting of special professional projects, including preliminary in-depth design, on-site construction and installation, and after-sales maintenance. The company's business reaches diverse fields including research, design, manufacturing, supply, and construction.

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