Tiande Chemical Holdings (HKSE:00609) Momentum Rank : 5 (As of Mar. 02, 2025)

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What is Tiande Chemical Holdings Momentum Rank?

Tiande Chemical Holdings has the Momentum Rank of 5.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Tiande Chemical Holdings's Momentum Rank

For the Chemicals subindustry, Tiande 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.

Tiande Chemical Holdings's Momentum Rank Distribution in the Chemicals Industry

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

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

Tiande Chemical Holdings Momentum Rank Related Terms

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Tiande Chemical Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tiande Chemical Holdings Ltd (HKSE:00609) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 3877 Wolong East Street, Weifang High Tech Industry Development Zone, Shandong Province, Weifang, CHN, 261061

Website

http://www.tdchem.com

Tiande Chemical Holdings Ltd, through its subsidiaries is an investment holding company whose principal business includes research and development, manufacture, and sales of chemical products. Its product offering includes Cyanoacrylate monomer, Malonate series, Edta series and Cyanoacetate series of products. The group derives revenue from the sales made in the PRC, India, U.S., Taiwan, U.K and Other countries, of which prime revenue is derived from the PRC.

Executives

Liu Yang	2101 Beneficial owner
Cheerhill Group Limited	2101 Beneficial owner
Wang Zijiang	2101 Beneficial owner
Sun Jianhua	2101 Beneficial owner
Zheng Hong	2101 Beneficial owner
Gao Feng	2202 Interest of your spouse

Tiande Chemical Holdings Headlines

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