China Resources Double-Crane Pharmaceutical Co (SHSE:600062) Momentum Rank : 9 (As of Dec. 11, 2024)

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What is China Resources Double-Crane Pharmaceutical Co Momentum Rank?

China Resources Double-Crane Pharmaceutical Co has the Momentum Rank of 9.

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.

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Competitive Comparison of China Resources Double-Crane Pharmaceutical Co's Momentum Rank

For the Drug Manufacturers - Specialty & Generic subindustry, China Resources Double-Crane Pharmaceutical 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 Resources Double-Crane Pharmaceutical Co's Momentum Rank Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, China Resources Double-Crane Pharmaceutical Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Resources Double-Crane Pharmaceutical Co's Momentum Rank falls into.

China Resources Double-Crane Pharmaceutical Co Momentum Rank Related Terms

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China Resources Double-Crane Pharmaceutical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » China Resources Double-Crane Pharmaceutical Co Ltd (SHSE:600062) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 1, East Second Road, Lijing, Wangjing, Chaoyang District, Beijing, CHN, 100102

Website

http://www.dcpc.com

China Resources Double-Crane Pharmaceutical Co Ltd is a China-based pharmaceutical company. It is engaged in developing, manufacturing and marketing a variety of medical products. The company's products cover different fields such as infusion field, cardiovascular and cerebrovascular fields, pediatrics, endocrine field and other areas.

Executives

Yu Shun Ting	Director
Han Shuo	senior management
Liu Zi Qin	senior management
Fan Yan Xi	senior management
Lu Wen Chao	Directors, senior managers
Man Chao	senior management
Ni Jun	senior management
Feng Yi	Director
Zheng Ze Ping	Supervisors
Li Ying	senior management

China Resources Double-Crane Pharmaceutical Co Headlines

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