Shenzhen Neptunus Bioengineering Co (SZSE:000078) Momentum Rank : 2 (As of Jun. 24, 2024)

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What is Shenzhen Neptunus Bioengineering Co Momentum Rank?

Shenzhen Neptunus Bioengineering Co has the Momentum Rank of 2.

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 Shenzhen Neptunus Bioengineering Co's Momentum Rank

For the Drug Manufacturers - Specialty & Generic subindustry, Shenzhen Neptunus Bioengineering 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.

Shenzhen Neptunus Bioengineering Co's Momentum Rank Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Shenzhen Neptunus Bioengineering Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shenzhen Neptunus Bioengineering Co's Momentum Rank falls into.

Shenzhen Neptunus Bioengineering Co Momentum Rank Related Terms

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Shenzhen Neptunus Bioengineering Co (SZSE:000078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Shenzhen Neptunus Bioengineering Co Ltd (SZSE:000078) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Science and Technology Middle Road, 24th Floor, Haiwang Yinhe Technology Building, No. 1, Nanshan District, Guangdong, Shenzhen, CHN, 518057

Website

http://www.neptunus.com

Shenzhen Neptunus Bioengineering Co Ltd is primarily engaged in the research and development, manufacture and distribution of pharmaceutical products in China.

Executives

Shen Da Kai	Directors, executives
Ren Ke Lei	Independent director
Zhang Si Min	Director
Zhang Yi Fei	Directors, executives
Liu Zhan Jun	Directors, executives
Zhang Quan Li	Directors, Directors, and Executives
Song Ting Jiu	Executives
Yu Lin	Directors, executives
Feng Han Lin	Supervisors
Zhang Wen Zhou	Director
Nie Zhi Hua	Supervisors
Huang Lei	Executives
Zhang Li Jun	Executives

Shenzhen Neptunus Bioengineering Co (SZSE:000078) Headlines

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