Lutian Machinery Co (SHSE:605259) Momentum Rank : 7 (As of Mar. 23, 2025)

View and export this data going back to 2021. Start your Free Trial

What is Lutian Machinery Co Momentum Rank?

Lutian Machinery Co has the Momentum Rank of 7.

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 Lutian Machinery Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Lutian Machinery 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.

Lutian Machinery Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Lutian Machinery Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lutian Machinery Co's Momentum Rank falls into.

Lutian Machinery Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Lutian Machinery Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Lutian Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lutian Machinery Co Ltd (SHSE:605259) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Lvtian Avenue, Hengjie Town, Luqiao District, Zhejiang Province, Taizhou, CHN, 318056

Website

http://www.chinalutian.cn

Lutian Machinery Co Ltd research and development, production and sales of general power machinery products mainly including generator sets, water pump units and engines and high-pressure cleaner products.

Executives

Chen Xiao Hua	senior management
Chen Yu Mu	senior management
Luo Chang Guo	Director
Cai Yong Jun	senior management
Ying Yin He	Director

Lutian Machinery Co Headlines

No Headlines