China Automotive Interior Decoration Holdings (HKSE:00048) Momentum Rank : 6 (As of Jun. 23, 2024)

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What is China Automotive Interior Decoration Holdings Momentum Rank?

China Automotive Interior Decoration Holdings has the Momentum Rank of 6.

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 Automotive Interior Decoration Holdings's Momentum Rank

For the Textile Manufacturing subindustry, China Automotive Interior Decoration 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 Automotive Interior Decoration Holdings's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, China Automotive Interior Decoration Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Automotive Interior Decoration Holdings's Momentum Rank falls into.

China Automotive Interior Decoration Holdings Momentum Rank Related Terms

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China Automotive Interior Decoration Holdings (HKSE:00048) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China Automotive Interior Decoration Holdings Ltd (HKSE:00048) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

11 On Lai Street, Workshop Nos. 25, 6th Floor, Corporation Park, Shatin, New Territories, Hong Kong, HKG

Website

http://www.hklistco.com

China Automotive Interior Decoration Holdings Ltd is principally engaged in the manufacture and sale of nonwoven fabric products used in automotive interior decoration parts and other parts, and trading of rubber and food products. The business operates in two business segments that include the Manufacture and sale of nonwoven fabric products and supply and procurement operation. Its Manufacture and sale of nonwoven fabric products generate maximum revenue for the company. Geographically the company derives the majority of its revenue from the People's Republic of China.

Executives

Zhuang Yuejin

2101 Beneficial owner

China Automotive Interior Decoration Holdings (HKSE:00048) Headlines

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