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Yongan Futures Co (SHSE:600927) Momentum Rank : 0 (As of May. 25, 2024)


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What is Yongan Futures Co Momentum Rank?

Yongan Futures Co has the Momentum Rank of 0.

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.


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Yongan Futures Co (SHSE:600927) Business Description

Traded in Other Exchanges
N/A
Address
No. 200 Xinye Road, 16-17 Floor, Huafeng International Business Building, 10th Floor, Room 1101, Room 1102, Room 1104, Jianggan District, Zhejiang Province, Hangzhou, CHN, 310016
Yongan Futures Co Ltd is engaged in the commodity futures brokerage, financial futures brokerage, futures investment consulting, asset management, fund sales.
Executives
Shi Chun Sheng Director

Yongan Futures Co (SHSE:600927) Headlines

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