China Kangda Food Co (HKSE:00834) Momentum Rank : 7 (As of Jun. 24, 2024)

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What is China Kangda Food Co Momentum Rank?

China Kangda Food Co has the Momentum Rank of 7.

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 Kangda Food Co's Momentum Rank

For the Packaged Foods subindustry, China Kangda Food 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.

China Kangda Food Co's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China Kangda Food Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Kangda Food Co's Momentum Rank falls into.

China Kangda Food Co Momentum Rank Related Terms

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China Kangda Food Co (HKSE:00834) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Kangda Food Co Ltd (HKSE:00834) » Definitions » Momentum Rank

Traded in Other Exchanges

P74:Singapore

Address

No. 8399, Binhai Boulevard, Huangdao District, Shandong Province, Qingdao City, CHN

Website

http://www.kangdafood.com

China Kangda Food Co Ltd is a diversified food manufacturing and processing group based in China. Its operating segments are the production and sale of processed food products, chilled and frozen rabbit meat, chilled and frozen chicken meat, and other products comprising chicken and rabbit meat by-products and pet food products. The key revenue is generated from the processed food products business. Geographically, the company operates in Japan, Europe, the People's Republic of China, and others. It generates a majority of its revenue from PRC.

Executives

Eternal Myriad Limited	2201 Interest of corporation controlled by you
Wu Jiming	2201 Interest of corporation controlled by you
Zenith Hope Limited	2101 Beneficial owner

China Kangda Food Co (HKSE:00834) Headlines

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