Swancor Advanced Materials Co (SHSE:688585) Momentum Rank : 7 (As of Dec. 13, 2024)

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What is Swancor Advanced Materials Co Momentum Rank?

Swancor Advanced Materials Co has the Momentum Rank of 7.

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 Swancor Advanced Materials Co's Momentum Rank

For the Specialty Chemicals subindustry, Swancor Advanced 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.

Swancor Advanced Materials Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Swancor Advanced Materials Co's Momentum Rank distribution charts can be found below:

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

Swancor Advanced Materials Co Momentum Rank Related Terms

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Swancor Advanced Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Swancor Advanced Materials Co Ltd (SHSE:688585) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

618 Songsheng Road, Songjiang District, Shanghai, CHN, 201613

Website

http://www.swancor.com

Swancor Advanced Materials Co Ltd is a manufacturer of specialty chemicals. The company's main product lines of fine chemical are vinyl ester for anti-corrosion tank and pipe for factories, desulfurization tank, and chimney for power plants; and the other one is epoxy resin and hardener for wind turbine blade. Its products are Epoxy Vinyl Ester Resin & UPR, SMC/BMC Materials, Wind Turbine Materials, and LED Encapsulation Materials.

Executives

Wang Da Wei	Director
Li Pei Yi	senior management
Xiao Hong	Core technical personnel

Swancor Advanced Materials Co Headlines

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