Lifan Technology (Group) Co (SHSE:601777) Momentum Rank : 3 (As of Sep. 27, 2024)

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What is Lifan Technology (Group) Co Momentum Rank?

Lifan Technology (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 Lifan Technology (Group) Co's Momentum Rank

For the Auto Manufacturers subindustry, Lifan Technology (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.

Lifan Technology (Group) Co's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Lifan Technology (Group) Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lifan Technology (Group) Co's Momentum Rank falls into.

Lifan Technology (Group) Co Momentum Rank Related Terms

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Lifan Technology (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lifan Technology (Group) Co Ltd (SHSE:601777) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Huanghuan North Road, Jinshan Avenue, Liangjiang New District, Chongqing, CHN, 400707

Website

http://www.lifan.com

Lifan Technology (Group) Co Ltd is mainly engaged in the research and development, production and sale (including export) of automobile, motorcycle, and engine, integrating investment and financial services.

Executives

Tang Xiao Dong	senior management
Yang Yong Kang	Director
Mou Gang	senior management
Tuo Yong Gui	Supervisors
He Yuan Han	Supervisors
Wen Qi Yuan	Supervisors
Lan Ting Qin	Supervisors
Shang You	senior management
Hao Ting Mu	senior management

Lifan Technology (Group) Co Headlines

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