Maoming Petro-chemical Shihua Co (SZSE:000637) Momentum Rank : 6 (As of Jun. 23, 2024)

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What is Maoming Petro-chemical Shihua Co Momentum Rank?

Maoming Petro-chemical Shihua Co has the Momentum Rank of 6.

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 Maoming Petro-chemical Shihua Co's Momentum Rank

For the Chemicals subindustry, Maoming Petro-chemical Shihua 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.

Maoming Petro-chemical Shihua Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Maoming Petro-chemical Shihua Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Maoming Petro-chemical Shihua Co's Momentum Rank falls into.

Maoming Petro-chemical Shihua Co Momentum Rank Related Terms

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Maoming Petro-chemical Shihua Co (SZSE:000637) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Maoming Petro-chemical Shihua Co Ltd (SZSE:000637) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 162 Guandu Road, Guangdong Province, Maoming, CHN, 525000

Website

http://www.mhsh0637.com.cn

Maoming Petro-chemical Shihua Co Ltd is a China-based company engaged in the manufacture and sale of petrochemicals. The company's product profile includes polypropylene resin powder, Methyl tert-butyl ether, Ethanolamine, Industrial white oil, Plastic products, and others.

Executives

Fan Hong Yan	Director
Song Hu Tang	Executives
Zhu Yue Hua	Supervisors
Cao Guang Ming	Executives
Liu Xiao Yan	Supervisors
Liang Jie	Executives
Liu Yi Cong	Supervisors
Bai Jian Guang	Executives
Sun Jing Lei	Directors, executives
Chen Ning	Supervisors

Maoming Petro-chemical Shihua Co (SZSE:000637) Headlines

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