Hangzhou Huaguang Advanced Welding Materials Co (SHSE:688379) Momentum Rank : 4 (As of Sep. 24, 2024)

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What is Hangzhou Huaguang Advanced Welding Materials Co Momentum Rank?

Hangzhou Huaguang Advanced Welding Materials 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 Hangzhou Huaguang Advanced Welding Materials Co's Momentum Rank

For the Metal Fabrication subindustry, Hangzhou Huaguang Advanced Welding Materials 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.

Hangzhou Huaguang Advanced Welding Materials Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hangzhou Huaguang Advanced Welding Materials Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hangzhou Huaguang Advanced Welding Materials Co's Momentum Rank falls into.

Hangzhou Huaguang Advanced Welding Materials Co Momentum Rank Related Terms

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Hangzhou Huaguang Advanced Welding Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hangzhou Huaguang Advanced Welding Materials Co Ltd (SHSE:688379) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building 3, No. 82, Qihang Road, Renhe Street, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311107

Website

https://www.huaguangwelding.com

Hangzhou Huaguang Advanced Welding Materials Co Ltd is engaged in production and sales of brazing materials. The company specialises in the research and fabrication of a broad range of welding materials as well as providing the customers with total welding solutions. It produces copper-based and silver-based welding materials in the forms of rods, rings, wires, strips, foils, powder, paste, flux-cored and flux-coated with over 2,800 specifications. The products are widely applied to the industry of refrigeration, household appliances, machinery, electric appliances, aeronautics, petrochemical, automobiles, tools, hard alloys, measurements, new energy equipment, bathroom facilities, railroad systems, among others.

Executives

Fan Zhong Hua

Core technical personnel

Hangzhou Huaguang Advanced Welding Materials Co Headlines

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