Yinchuan Xinhua Commercial (Group) Co (SHSE:600785) Momentum Rank : 3 (As of May. 01, 2024)

View and export this data going back to 1997. Start your Free Trial

What is Yinchuan Xinhua Commercial (Group) Co Momentum Rank?

Yinchuan Xinhua Commercial (Group) Co has the Momentum Rank of 3.

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 Yinchuan Xinhua Commercial (Group) Co's Momentum Rank

For the Department Stores subindustry, Yinchuan Xinhua Commercial (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.

Yinchuan Xinhua Commercial (Group) Co's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Yinchuan Xinhua Commercial (Group) Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Yinchuan Xinhua Commercial (Group) Co's Momentum Rank falls into.

Yinchuan Xinhua Commercial (Group) Co Momentum Rank Related Terms

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

Yinchuan Xinhua Commercial (Group) Co (SHSE:600785) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Yinchuan Xinhua Commercial (Group) Co Ltd (SHSE:600785) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 97 Xinhua East Street, Xingqing District, Ningxia Hui Autonomous Region, Yinchuan, CHN, 750001

Website

http://www.xhbh.com.cn

Yinchuan Xinhua Commercial (Group) Co Ltd is a China-based company engaged in the operation of department stores, as well as the delivery of goods, household appliances, and wholesale products.

Yinchuan Xinhua Commercial (Group) Co (SHSE:600785) Headlines

No Headlines