Changshu Tongrun Auto Accessory Co (SHSE:603201) Momentum Rank : 0 (As of May. 06, 2025)

View and export this data going back to 2022. Start your Free Trial

What is Changshu Tongrun Auto Accessory Co Momentum Rank?

Changshu Tongrun Auto Accessory Co has the Momentum Rank of 0.

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.

Changshu Tongrun Auto Accessory Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Changshu Tongrun Auto Accessory Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Changshu Tongrun Auto Accessory Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Changshu Tongrun Auto Accessory Co Ltd (SHSE:603201) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Xinlongteng Industrial Park, Economic Development Zone, Jiangsu Province, Changshu, CHN

Website

http://www.tongrunjacks.com

Changshu Tongrun Auto Accessory Co Ltd is engaged in the research and development, manufacturing and sales of various jacks and their extended products. The company's main products include commercial jacks, vehicle-mounted jacks, professional jacks, lifts and other automotive maintenance equipment and tools.

Executives

Shi Xiao Ming	Director
Li Xue Jun	senior management
Zhou Ke Shu	senior management
Shen Min	senior management
Lu Li Hua	Director
Yao Sheng	Director
	Directors, senior managers
Zhu Wei	Directors, senior managers
Wang Xiong Ping	Directors, senior managers
Chen Jiang	Directors, senior managers
Lu Xin Jun	Director

Changshu Tongrun Auto Accessory Co Headlines

No Headlines