Ribo Fashion Group Co (SHSE:603196) Momentum Rank : 1 (As of May. 26, 2024)

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What is Ribo Fashion Group Co Momentum Rank?

Ribo Fashion Group Co has the Momentum Rank of 1.

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 Ribo Fashion Group Co's Momentum Rank

For the Apparel Manufacturing subindustry, Ribo Fashion 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.

Ribo Fashion Group Co's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Ribo Fashion Group Co's Momentum Rank falls into.

Ribo Fashion Group Co Momentum Rank Related Terms

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Ribo Fashion Group Co (SHSE:603196) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ribo Fashion Group Co Ltd (SHSE:603196) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 98, Rongyang Road, Zhongshan Street, Songjiang District, Shanghai, CHN, 201600

Website

http://www.ribo.cn

Ribo Fashion Group Co Ltd is engaged in the creative design of quality clothing, process technology, research and development and production and sales, focusing on high-end fashion women's clothing field. Its main products include blouses and shirts, coats, trousers, dresses and skirts and others. The company sells its products under the Broadcast, Personal Point, TAORAY WANG, and CRZ brands.

Executives

Zhang Yun Ju	senior management
Wang Cheng Yu	Directors, senior managers
Lin Liang	Directors, senior managers
Wang Wei Dong	Director
Zheng Zheng	Director

Ribo Fashion Group Co (SHSE:603196) Headlines

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