Zhejiang Orient Financial Holdings Group Co (SHSE:600120) Momentum Rank : 2 (As of Mar. 04, 2025)

View and export this data going back to 1997. Start your Free Trial

What is Zhejiang Orient Financial Holdings Group Co Momentum Rank?

Zhejiang Orient Financial Holdings Group Co has the Momentum Rank of 2.

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 Zhejiang Orient Financial Holdings Group Co's Momentum Rank

For the Capital Markets subindustry, Zhejiang Orient Financial Holdings Group 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.

Zhejiang Orient Financial Holdings Group Co's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Zhejiang Orient Financial Holdings Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhejiang Orient Financial Holdings Group Co's Momentum Rank falls into.

Zhejiang Orient Financial Holdings Group Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Zhejiang Orient Financial Holdings Group Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Orient Financial Holdings Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Zhejiang Orient Financial Holdings Group Co Ltd (SHSE:600120) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 12 Xihu Avenue, Zhejiang Province, Hangzhou, CHN, 310009

Website

http://www.zjorient.com

Zhejiang Orient Financial Holdings Group Co Ltd is a China-based comprehensive enterprise group, integrating commercial circulation, financial investment, and real estate development activities. Its business scope covers textile, garment import and export, bulk stock trade of steel and coal, warehousing and logistics, real estate development, financial leasing and asset management.

Executives

Zhao Mao Wen	senior management
Lin Ping	Director
Qiu Gao Yao	senior management
Cui Fei	Supervisors
Hong Xue Chun	Director
He Wei Hong	Director
Gao Kang	Director
Shi Qi Xin	senior management

Zhejiang Orient Financial Holdings Group Co Headlines

No Headlines