Hunan Haili Chemical Industry Co (SHSE:600731) Momentum Rank : 5 (As of May. 25, 2024)

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What is Hunan Haili Chemical Industry Co Momentum Rank?

Hunan Haili Chemical Industry Co has the Momentum Rank of 5.

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 Hunan Haili Chemical Industry Co's Momentum Rank

For the Agricultural Inputs subindustry, Hunan Haili Chemical Industry 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.

Hunan Haili Chemical Industry Co's Momentum Rank Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Hunan Haili Chemical Industry Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hunan Haili Chemical Industry Co's Momentum Rank falls into.

Hunan Haili Chemical Industry Co Momentum Rank Related Terms

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Hunan Haili Chemical Industry Co (SHSE:600731) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Hunan Haili Chemical Industry Co Ltd (SHSE:600731) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 251, Section 2, Furong Middle Road, Hunan, Changsha, CHN, 410007

Website

http://www.hnhlc.com

Hunan Haili Chemical Industry Co Ltd is involved in the research and development and production of pesticides. It is primarily involved in the research, development, manufacture and trade of pesticides and fine chemicals, transportation of dangerous chemicals and engineering of chemical plants.

Executives

Jiang Zhuo Liang	Director
Zhang Fu Shan	Supervisors
He Xiang Ying	Supervisors
Wang Xiao Guang	Director

Hunan Haili Chemical Industry Co (SHSE:600731) Headlines

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