GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shenglong Splendecor International Ltd (HKSE:08481) » Definitions » Momentum Rank

Shenglong Splendecor International (HKSE:08481) Momentum Rank : 0 (As of Dec. 11, 2024)


View and export this data going back to 2017. Start your Free Trial

What is Shenglong Splendecor International Momentum Rank?

Shenglong Splendecor International has the Momentum Rank of 0.

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.

Shenglong Splendecor International Momentum Rank Related Terms

Thank you for viewing the detailed overview of Shenglong Splendecor International's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenglong Splendecor International Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shenglong Splendecor International Ltd (HKSE:08481) » Definitions » Momentum Rank
Comparable Companies
HKSE:00794 HKSE:03363 HKSE:00731 OHEL:UPM BUE:CELU BSP:SUZB3 OHEL:STERV LSE:MNDI OSTO:HOLM A BSP:KLBN3 SZSE:002078 XSGO:CMPC TSE:3861 ISX:INKP XLIS:NVG HKSE:02689 OSTO:BILL SLVM SHSE:603733 SHSE:600963
Traded in Other Exchanges
N/A
Address
No. 55 Shangyang Road, Yangdai Village, Jinnan sub-district, Zhejiang, Lin’an City, Hangzhou, CHN, 311301
Website
http://www.splendecor.com
Shenglong Splendecor International Ltd is an investment holding. It is engaged in the manufacturing of decorative printing materials products based in China. Its products include melamine-impregnated paper, finish foil paper, PVC furniture film, and PVC flooring film. Geographically, the company derives a majority of its revenue from China.
Executives
Chen Deqin 2202 Interest of your spouse
Sheng Yingming 2101 Beneficial owner

Shenglong Splendecor International Headlines

No Headlines