Tianjin You Fa Steel Pipe Group Stock Co (SHSE:601686) Momentum Rank : 4 (As of May. 05, 2025)

View and export this data going back to 2020. Start your Free Trial

What is Tianjin You Fa Steel Pipe Group Stock Co Momentum Rank?

Tianjin You Fa Steel Pipe Group Stock Co has the Momentum Rank of 4.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Tianjin You Fa Steel Pipe Group Stock Co's Momentum Rank

For the Steel subindustry, Tianjin You Fa Steel Pipe Group Stock 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.

Tianjin You Fa Steel Pipe Group Stock Co's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tianjin You Fa Steel Pipe Group Stock Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tianjin You Fa Steel Pipe Group Stock Co's Momentum Rank falls into.

Save Embed

;

Save Embed

;

Tianjin You Fa Steel Pipe Group Stock Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Tianjin You Fa Steel Pipe Group Stock Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Tianjin You Fa Steel Pipe Group Stock Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tianjin You Fa Steel Pipe Group Stock Co Ltd (SHSE:601686) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Ten Billion Yuan Industrial Zone, Daqiuzhuang Town, Jinghai District, Tianjin, CHN, 301606

Website

http://www.yfgg.com

Tianjin You Fa Steel Pipe Group Stock Co Ltd formerly Tianjin Youfa Steel Pipe Group Co Ltd is primarily involved in the development, production and sales of welded steel pipes. It offers welded pipes, hot-dip galvanized steel pipes, steel-plastic composite pipes, stainless steel composite pipes, spiral steel pipes and others.

Executives

Guo Rui	senior management
Han De Heng	senior management

Tianjin You Fa Steel Pipe Group Stock Co Headlines

No Headlines