QuMei Home Furnishings Group Co (SHSE:603818) Momentum Rank : 4 (As of May. 27, 2024)

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What is QuMei Home Furnishings Group Co Momentum Rank?

QuMei Home Furnishings Group Co has the Momentum Rank of 4.

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 QuMei Home Furnishings Group Co's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, QuMei Home Furnishings 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.

QuMei Home Furnishings Group Co's Momentum Rank Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, QuMei Home Furnishings Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where QuMei Home Furnishings Group Co's Momentum Rank falls into.

QuMei Home Furnishings Group Co Momentum Rank Related Terms

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QuMei Home Furnishings Group Co (SHSE:603818) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » QuMei Home Furnishings Group Co Ltd (SHSE:603818) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 51, Wangjing North Road, Building 8, Chaoyang District, Beijing, CHN, 100102

Website

http://www.qumei.com

QuMei Home Furnishings Group Co Ltd is mainly engaged in the design, production, and sales of medium and high-end civilian furniture and supporting household products, providing consumers with a whole home. It offers wooden furniture including solid wood furniture, man-made board furniture, and integrated furniture. Its products are divided into custom furniture, finished furniture and home accessories by category, divided into solid wood and board wood according to materials.

Executives

Zhao Rui Hai	Director
Zhao Rui Bin	Director
Wu Na Ni	Director
Xie Wen Bin	Director
Zhao Rui Jie	Director
Sun Hai Feng	Director
Rao Shui Yuan	Director
Wang Li Ping	Supervisors
Xu Guo Jun	Supervisors

QuMei Home Furnishings Group Co (SHSE:603818) Headlines

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