Huafang Co (SHSE:600448) Momentum Rank : 1 (As of Sep. 26, 2024)

View and export this data going back to 2001. Start your Free Trial

What is Huafang Co Momentum Rank?

Huafang Co has the Momentum Rank of 1.

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.

Competitive Comparison of Huafang Co's Momentum Rank

For the Textile Manufacturing subindustry, Huafang 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.

Huafang Co's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Huafang Co's Momentum Rank falls into.

Huafang Co Momentum Rank Related Terms

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

Huafang Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Huafang Co Ltd (SHSE:600448) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 819 Huanghe 2nd Road, Shandong Province, Binzhou, CHN, 256617

Website

http://www.hfgf.cn

Huafang Co Ltd is engaged in the production, distribution and export of fabrics, printed fabrics, textile fabrics, bedding, and dresses. The company provides textile products, fabric series, cloth series, bedding series, clothing line & among others.

Executives

Zhao Yu Zhong	Director
Yan Ying Shan	Director
Sheng Shou Xiang	senior management
Wang Guo Dong	Supervisors
Ju Li Yan	senior management
Liu Shui Chao	Director
Wang Li Min	Director
Liu Lian Fei	Supervisors
Chen Bao Jun	Director
Li Feng Ming	senior management
Bao Fang Ming	Director
Luo Wei Xin	senior management
Qin Hong Zhang	Supervisors

Huafang Co Headlines

No Headlines