Shenzhou International Group Holdings (HKSE:02313) Momentum Rank : 5 (As of May. 03, 2025)

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What is Shenzhou International Group Holdings Momentum Rank?

Shenzhou International Group 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 Shenzhou International Group Holdings's Momentum Rank

For the Textile Manufacturing subindustry, Shenzhou International Group 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.

Shenzhou International Group Holdings's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Shenzhou International Group Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shenzhou International Group Holdings's Momentum Rank falls into.

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Shenzhou International Group Holdings Momentum Rank Related Terms

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Shenzhou International Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shenzhou International Group Holdings Ltd (HKSE:02313) » Definitions » Momentum Rank

Traded in Other Exchanges

SHZHY:USA S6L:Germany

Address

No. 8 Cheung Yue Street, Unit 2708, 27th Floor, Billion Plaza, Kowloon, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

http://www.shenzhouintl.com

Shenzhou is the largest vertically integrated knitwear manufacturer in the world. The group mainly produces sportswear (75% of 2022 revenue), casual wear (21% of revenue), and lingerie (3% of revenue) for international clients such as Nike, Adidas, Puma, and Uniqlo. Mainland China is its largest market, accounting for 26% of sales in 2022. This is followed by Europe, US, and Japan. Shenzhou currently operates manufacturing plants in China, Cambodia, and Vietnam.

Executives

Splendid Steed Investments Limited	2201 Interest of corporation controlled by you
Ma Jianrong	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.	2201 Interest of corporation controlled by you
Schroders Plc	2102 Investment manager
Schroders Plc	2102 Investment manager
Keep Glory Limited	2101 Beneficial owner

Shenzhou International Group Holdings Headlines

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