Sumec (SHSE:600710) Momentum Rank : 9 (As of Mar. 23, 2025)

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What is Sumec Momentum Rank?

Sumec has the Momentum Rank of 9.

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 Sumec's Momentum Rank

For the Farm & Heavy Construction Machinery subindustry, Sumec'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.

Sumec's Momentum Rank Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Sumec's Momentum Rank distribution charts can be found below:

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

Sumec Momentum Rank Related Terms

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Sumec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sumec Corp Ltd (SHSE:600710) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Changjiang Road, SUMEC Building, No. 198, Xuanwu District, Nanjing, CHN, 210018

Website

http://www.sumec.com

Sumec Corp Ltd is engaged in trade and service, engineering contracting, and investment and development. The trade and service cover import and export of the bulk commodities including gardening instruments, electric tools, high-pressure washer, power generation equipment, garment, household textiles, automobile parts, medical devices, and others. Engineering contracting includes environmental engineering, energy engineering, and marine engineering; investment development includes strategic investment, industrial investment, project investment and financial investment.

Executives

Zhao Jian Guo	senior management
Cai Ji Bo	Director
Yang Guo Feng	Supervisors
Peng Yuan Pu	senior management
Jin Yong Chuan	senior management
Yang Yong Qing	Director
Gu Jian Su	senior management
Chen Wei	senior management
Wu Jian Ping	Supervisors
Wang Wei Yan	Director
Zou Jian Mao	senior management
Jin Rong Hua	Supervisors

Sumec Headlines

No Headlines