Zhejiang Langdi Group Co (SHSE:603726) Momentum Rank : 9 (As of Jun. 22, 2024)

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What is Zhejiang Langdi Group Co Momentum Rank?

Zhejiang Langdi Group Co has the Momentum Rank of 9.

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 Zhejiang Langdi Group Co's Momentum Rank

For the Building Products & Equipment subindustry, Zhejiang Langdi 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.

Zhejiang Langdi Group Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Zhejiang Langdi Group Co's Momentum Rank distribution charts can be found below:

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

Zhejiang Langdi Group Co Momentum Rank Related Terms

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Zhejiang Langdi Group Co (SHSE:603726) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhejiang Langdi Group Co Ltd (SHSE:603726) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 188, Jing 20 Road, Langxia Street, Zhejiang Province, Yuyao, CHN, 315480

Website

http://www.langdi.com

Zhejiang Langdi Group Co Ltd manufactures wheels of a household air conditioner and series fans for HVAT system and industrial equipment. It offers products including backward-curved wheels, backward-curved fans, and motors. The company's products are mainly air-conditioning blades and fans, which are mainly used in air-conditioning air circulation systems for internal and external air circulation.

Executives

Gao Yan Kang	Director
Lu Ya Bo	senior management
Liu Xin Huai	Director
Chen Sai Qiu	Director
Li Feng Quan	Director
Chen Hai Bo	senior management
Yang Zeng Quan	Director
Gao Wen Ming	Director
Li Jian Ping	Director
Wang Wei Li	Supervisors

Zhejiang Langdi Group Co (SHSE:603726) Headlines

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