Shanghai Material Trading Co (SHSE:600822) Momentum Rank : 6 (As of May. 05, 2024)

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What is Shanghai Material Trading Co Momentum Rank?

Shanghai Material Trading Co has the Momentum Rank of 6.

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 Shanghai Material Trading Co's Momentum Rank

For the Conglomerates subindustry, Shanghai Material Trading 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.

Shanghai Material Trading Co's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Shanghai Material Trading Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shanghai Material Trading Co's Momentum Rank falls into.

Shanghai Material Trading Co Momentum Rank Related Terms

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Shanghai Material Trading Co (SHSE:600822) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Shanghai Material Trading Co Ltd (SHSE:600822) » Definitions » Momentum Rank

Traded in Other Exchanges

900927:China

Address

No. 325 South Suzhou Road, 4th Floor, Shanghai, Shanghai, CHN, 200002

Website

http://www.600822sh.com

Shanghai Material Trading Co., Ltd. is principally engaged in the trading of metal, oil products and automobiles. The company operates its businesses in domestic and overseas markets. Its scopr of business include metal materials, mineral products, light chemical raw materials, building materials, wood, automobiles and accessories, mechanical and electrical equipment, fuel, hardware and electricity, textile Import and export trade business; warehousing, information consulting and technical services.

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