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Luyin Investment Group Co (SHSE:600784) Momentum Rank : 7 (As of Jun. 21, 2024)


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What is Luyin Investment Group Co Momentum Rank?

Luyin Investment Group Co has the Momentum Rank of 7.

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 Luyin Investment Group Co's Momentum Rank

For the Steel subindustry, Luyin Investment 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.


Luyin Investment Group Co's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Luyin Investment Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Luyin Investment Group Co's Momentum Rank falls into.



Luyin Investment Group Co Momentum Rank Related Terms

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Luyin Investment Group Co (SHSE:600784) Business Description

Traded in Other Exchanges
N/A
Address
No. 20518, Jingshi Road, Shandong Province, Jinan, CHN, 250002
Luyin Investment Group Co Ltd is engaged in Powder metallurgy and products, Real estate, Trade, and others. The main products of the company's powder metallurgy and products business are powder metallurgy materials, automotive structural parts, and powder metallurgy parts. It is applied to products such as automobiles and home appliances, and others. The main products of the real estate business are commercial and residential real estate development, and the trading business relies on the purchase and sale of iron ore, billet, building materials, and other products.
Executives
Li Chun Lin Director
Sun Dian Min Director
Liu Shi He Director
Li Wei Director
Fu Shen senior management

Luyin Investment Group Co (SHSE:600784) Headlines

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