Neway Valve (Suzhou) Co (SHSE:603699) Momentum Rank : 6 (As of May. 04, 2025)

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What is Neway Valve (Suzhou) Co Momentum Rank?

Neway Valve (Suzhou) Co has the Momentum Rank of 6.

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.

Competitive Comparison of Neway Valve (Suzhou) Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Neway Valve (Suzhou) 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.

Neway Valve (Suzhou) Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Neway Valve (Suzhou) Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Neway Valve (Suzhou) Co's Momentum Rank falls into.

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Neway Valve (Suzhou) Co Momentum Rank Related Terms

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Neway Valve (Suzhou) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Neway Valve (Suzhou) Co Ltd (SHSE:603699) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.666 Taishan Road, New District, Suzhou, Jiangsu, CHN

Website

http://www.newayvalve.com

Neway Valve (Suzhou) Co Ltd is a manufacturer and exporter of industrial valves. Its main products include Gate valve, globe valve, check valve, Cast steel valves, API602 forged steel valves, API603 stainless steel valves, Cryogenic Valves, Bellows Valves, Floating ball - Steel. Geographically it operates through China, however its business presence is also seen internationally.

Executives

Chen Bin	Supervisors
Cheng Xue Lai	senior management
Li Na	senior management
Ling Lei Jing	senior management
Feng Yin Long	Directors, senior managers
Lu Jian Hong	senior management
Lu Liang Feng	Directors, senior managers
Wei Han Sen	senior management
Cheng Zhang Wen	Director
Deng Guo Chuan	Director
Yao Jiong	senior management
Xi Chao	Director
Lu Bin	Director
Wang Bao Qing	Director
Gao Kai Ke	senior management

Neway Valve (Suzhou) Co Headlines

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