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Chia Tai Enterprises International (Chia Tai Enterprises International) Momentum Rank : 8 (As of May. 14, 2024)


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What is Chia Tai Enterprises International Momentum Rank?

Chia Tai Enterprises International has the Momentum Rank of 8.

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 Chia Tai Enterprises International's Momentum Rank

For the Drug Manufacturers - Specialty & Generic subindustry, Chia Tai Enterprises International'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.


Chia Tai Enterprises International's Momentum Rank Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Chia Tai Enterprises International's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Chia Tai Enterprises International's Momentum Rank falls into.



Chia Tai Enterprises International Momentum Rank Related Terms

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Chia Tai Enterprises International (Chia Tai Enterprises International) Business Description

Traded in Other Exchanges
Address
16 Harcourt Road, 21st Floor, Far East Finance Centre, Hong Kong, HKG
Chia Tai Enterprises International Ltd engaged in the manufacture and sale of chlortetracycline (CTC) products. The company's operating segment includes Biochemical operations and Industrial operations. It generates maximum revenue from the Biochemical operations segment, which is engaged in the manufacture and sale of chlortetracycline and other related products. The Industrial segment is into trading of machinery and the manufacture and sale of automotive parts through the group's joint venture and associate. Its geographical segments are Mainland China, Asia Pacific (excluding mainland China), Americas, Europe, and Others.

Chia Tai Enterprises International (Chia Tai Enterprises International) Headlines

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