China Ludao Technology Co (HKSE:02023) Momentum Rank : 0 (As of May. 03, 2025)

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What is China Ludao Technology Co Momentum Rank?

China Ludao Technology Co has the Momentum Rank of 0.

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.

China Ludao Technology Co Momentum Rank Related Terms

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China Ludao Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China Ludao Technology Co Ltd (HKSE:02023) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Sanmen Industry Road, Sanmen Industry Zone, Zhejiang Province, Taizhou, CHN

Website

https://www.ludaocn.com

China Ludao Technology Co Ltd is principally engaged in the manufacture and sale of aerosol products in the People's Republic of China (the PRC). Its products include household and auto care products, air fresheners, personal care products, and insecticides. The firm offers various products including aerosol air fresheners, aromatherapy air fresheners, sticker cleaners, insecticide sprays, deodorant sprays, liquid soaps, cool sprays, and hair sprays among others. Customers of the company are from Mainland China, the United States of America, Japan, Chile, and other regions. The majority of its revenue is derived from Mainland China.

Executives

Ludao China Investments Holdings Limited	2101 Beneficial owner
Wang Jinfei	2202 Interest of your spouse
Yu Yuerong	2201 Interest of corporation controlled by you
Perfect Century Group Limited	2101 Beneficial owner

China Ludao Technology Co Headlines

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