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Guangzhou Jiacheng International Logistics Co (SHSE:603535) Momentum Rank : 8 (As of May. 05, 2024)


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What is Guangzhou Jiacheng International Logistics Co Momentum Rank?

Guangzhou Jiacheng International Logistics Co has the Momentum Rank of 8.

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 Guangzhou Jiacheng International Logistics Co's Momentum Rank

For the Integrated Freight & Logistics subindustry, Guangzhou Jiacheng International Logistics 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.


Guangzhou Jiacheng International Logistics Co's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Guangzhou Jiacheng International Logistics Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Guangzhou Jiacheng International Logistics Co's Momentum Rank falls into.



Guangzhou Jiacheng International Logistics Co Momentum Rank Related Terms

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Guangzhou Jiacheng International Logistics Co (SHSE:603535) Business Description

Traded in Other Exchanges
N/A
Address
371-375 Huanshi East Road, Room 1602 , South Tower, World Trade Center Building, Guangzhou, CHN, 511442
Guangzhou Jiacheng International Logistics Co Ltd is an integrated shipping and logistics company. Its main business is to provide third-party integrated logistics services such as procurement logistics, production logistics, sales logistics, reverse logistics, distribution processing and global after-sales service. The company also provides extended services such as merchandise distribution, agency procurement, processing and international trade. In addition, the company designs personalized logistics solutions for e-commerce companies, by using automated logistics equipment and advanced logistics information management system. These services include intelligent storage and handling, packaging, transportation and coordinated distribution and logistics information transmission.

Guangzhou Jiacheng International Logistics Co (SHSE:603535) Headlines

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