JS Global Lifestyle Co (FRA:3JS) Momentum Rank : 3 (As of Jun. 23, 2024)

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What is JS Global Lifestyle Co Momentum Rank?

JS Global Lifestyle 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 JS Global Lifestyle Co's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, JS Global Lifestyle 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.

JS Global Lifestyle Co's Momentum Rank Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, JS Global Lifestyle Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where JS Global Lifestyle Co's Momentum Rank falls into.

JS Global Lifestyle Co Momentum Rank Related Terms

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JS Global Lifestyle Co (FRA:3JS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » JS Global Lifestyle Co Ltd (FRA:3JS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

JGLCF:USA 01691:Hong Kong

Address

238 Des Voeux Road Central, 21st Floor, Sheung Wan, Hong Kong, HKG

Website

https://www.jsgloballife.com

JS Global Lifestyle Co Ltd is an investment holding company. Its operating segment includes Joyoung and SharkNinja. The company generates maximum revenue from SharkNinja segment. Its SharkNinja segment is involved in the design, marketing, manufacture, export, import, and distribution of a full range of floor care products, hard-surface steam cleaning products and small kitchen appliances products. Its Joyoung segment is involved in the design, manufacture, marketing, export and distribution of small kitchen electrical appliances. The company earns majority of its revenue from SharkNinja segment.

JS Global Lifestyle Co (FRA:3JS) Headlines

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