Green Future Food Hydrocolloid Marine Science Co (HKSE:01084) Momentum Rank : 4 (As of May. 15, 2024)

View and export this data going back to 2019. Start your Free Trial

What is Green Future Food Hydrocolloid Marine Science Co Momentum Rank?

Green Future Food Hydrocolloid Marine Science Co has the Momentum Rank of 4.

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 Green Future Food Hydrocolloid Marine Science Co's Momentum Rank

For the Farm Products subindustry, Green Future Food Hydrocolloid Marine Science 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.

Green Future Food Hydrocolloid Marine Science Co's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Green Future Food Hydrocolloid Marine Science Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Green Future Food Hydrocolloid Marine Science Co's Momentum Rank falls into.

Green Future Food Hydrocolloid Marine Science Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Green Future Food Hydrocolloid Marine Science Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Green Future Food Hydrocolloid Marine Science Co (HKSE:01084) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Green Future Food Hydrocolloid Marine Science Co Ltd (HKSE:01084) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

169 Electric Road, Flat A, 16th Floor, North Point, Hong Kong, HKG

Website

https://www.greenfreshfood.com

Green Future Food Hydrocolloid Marine Science Co Ltd is engaged in manufacturing and sales of food manufacturing hydrocolloid products including carrageenan products, agar-agar products, blended products, and konjac products in the People's Republic of China and overseas. Its segments include Manufacturing and sales of agar-agar products; Manufacturing and sales of carrageenan; Manufacturing and sales of konjac products; Manufacturing and sales of blended products; and Others such as sales of milk powder. Its operations are spread across China, Europe, Asia (excluding China), South America, North America, Africa and Oceania.

Green Future Food Hydrocolloid Marine Science Co (HKSE:01084) Headlines

No Headlines