Asia Cuanon Technology (Shanghai) Co (SHSE:603378) Momentum Rank : 7 (As of May. 20, 2024)

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What is Asia Cuanon Technology (Shanghai) Co Momentum Rank?

Asia Cuanon Technology (Shanghai) Co has the Momentum Rank of 7.

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.

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Competitive Comparison of Asia Cuanon Technology (Shanghai) Co's Momentum Rank

For the Specialty Chemicals subindustry, Asia Cuanon Technology (Shanghai) 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.

Asia Cuanon Technology (Shanghai) Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Asia Cuanon Technology (Shanghai) Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Asia Cuanon Technology (Shanghai) Co's Momentum Rank falls into.

Asia Cuanon Technology (Shanghai) Co Momentum Rank Related Terms

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Asia Cuanon Technology (Shanghai) Co (SHSE:603378) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Asia Cuanon Technology (Shanghai) Co Ltd (SHSE:603378) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 28 Xintao Road, 3rd and 4th floor, Comprehensive Building, Qingpu Industrial Park, Shanghai, CHN, 201707

Website

http://www.cuanon.com

Asia Cuanon Technology (Shanghai) Co Ltd is engaged in research and development, manufacturing and service of functional architectural coatings, thermal insulation decorative panels, fireproof and thermal insulation materials. The company's products are widely used in real estate, residential community, hotel/office, and public construction projects.

Asia Cuanon Technology (Shanghai) Co (SHSE:603378) Headlines

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