China Sunsine Chemical Holdings (HAM:CHM) Momentum Rank : 1 (As of Jun. 23, 2024)

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What is China Sunsine Chemical Holdings Momentum Rank?

China Sunsine Chemical Holdings has the Momentum Rank of 1.

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 China Sunsine Chemical Holdings's Momentum Rank

For the Specialty Chemicals subindustry, China Sunsine Chemical 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.

China Sunsine Chemical Holdings's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, China Sunsine Chemical Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Sunsine Chemical Holdings's Momentum Rank falls into.

China Sunsine Chemical Holdings Momentum Rank Related Terms

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China Sunsine Chemical Holdings (HAM:CHM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Sunsine Chemical Holdings Ltd (HAM:CHM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

QES:Singapore

Address

16 Raffles Quay, No. 15-08 Hong Leong Building, Singapore, SGP, 048581

Website

https://www.chinasunsine.com

China Sunsine Chemical Holdings Ltd is a rubber chemical producing company. It produces rubber accelerators, cured rubber, natural and synthetic rubber. The group also produces insoluble Sulphur, anti-oxidant, and other vulcanizing agents. The company's production facilities are located at Shanxian, Weifang and Dingtao in Shandong Province, China, and its products are sold under the Sunshine brand. The group has three reportable business segments, namely the manufacturing and sale of rubber chemicals, the production and supply of heating power, and waste treatment. It generates the majority of its revenue from the manufacturing and sale of rubber chemicals. The company operates globally and it derives most of its revenue from the People's Republic of China.

China Sunsine Chemical Holdings (HAM:CHM) Headlines

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