Shanghainmao Enterprise (Group) Co (SHSE:600689) Momentum Rank : 1 (As of Jun. 23, 2024)

View and export this data going back to 1993. Start your Free Trial

What is Shanghainmao Enterprise (Group) Co Momentum Rank?

Shanghainmao Enterprise (Group) 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 Shanghainmao Enterprise (Group) Co's Momentum Rank

For the Textile Manufacturing subindustry, Shanghainmao Enterprise (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.

Shanghainmao Enterprise (Group) Co's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Shanghainmao Enterprise (Group) Co's Momentum Rank falls into.

Shanghainmao Enterprise (Group) Co Momentum Rank Related Terms

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

Shanghainmao Enterprise (Group) Co (SHSE:600689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shanghai Sanmao Enterprise (Group) Co Ltd (SHSE:600689) » Definitions » Momentum Rank

Traded in Other Exchanges

900922:China

Address

No. 51, Lane 200, Xiasha New Street, Pudong New Area, Hangtou Town, Shanghai, CHN

Website

http://www.600689.com

Shanghai Sanmao Enterprise (Group) Co Ltd is in the businesses of importing and exporting of woolen textile products. Further, it is also involved real estate investment, modern estate management, development and management of real estate, sale of wool textile and related products and services. Geographically the activities are carried out through China.

Executives

Zhang Li Fang	senior management
Wang Jian Hua	Director
Zhang Ping	Director

Shanghainmao Enterprise (Group) Co (SHSE:600689) Headlines

No Headlines