Bros Eastern Co (SHSE:601339) Momentum Rank : 6 (As of Jun. 25, 2024)

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What is Bros Eastern Co Momentum Rank?

Bros Eastern 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 Bros Eastern Co's Momentum Rank

For the Textile Manufacturing subindustry, Bros Eastern 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.

Bros Eastern Co's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bros Eastern Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bros Eastern Co's Momentum Rank falls into.

Bros Eastern Co Momentum Rank Related Terms

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Bros Eastern Co (SHSE:601339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bros Eastern Co Ltd (SHSE:601339) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

1 Nan'er East Road, LuoTuo Town ZhenHai District, Ningbo, CHN, 315200

Website

http://www.broseastern.com

Bros Eastern Co Ltd operates in the textile industry. The company is specialized in research and development, manufacturing and marketing of top-dyed melange yarn. Its products are categories into classical series, neo yarn series, and trend colors.

Executives

Dong Qi Han	senior management
Zhou Li Wen	senior management
Zhang Kui	Director
Zhong Zheng Yuan	Supervisors
Yang Yong	Director
Qian Ya Bin	Director
Yang Wei Guo	Director
Yang Wei Xin	Director

Bros Eastern Co (SHSE:601339) Headlines

No Headlines