Hefei Fengle Seed Co (SZSE:000713) Momentum Rank : 2 (As of Jun. 07, 2024)

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What is Hefei Fengle Seed Co Momentum Rank?

Hefei Fengle Seed 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 Hefei Fengle Seed Co's Momentum Rank

For the Farm Products subindustry, Hefei Fengle Seed 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.

Hefei Fengle Seed Co's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hefei Fengle Seed Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hefei Fengle Seed Co's Momentum Rank falls into.

Hefei Fengle Seed Co Momentum Rank Related Terms

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Hefei Fengle Seed Co (SZSE:000713) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hefei Fengle Seed Co Ltd (SZSE:000713) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 4, Chuangye Avenue, Laoshan District, Anhui, Hefei, CHN, 230088

Website

http://www.fengle.com.cn

Hefei Fengle Seed Co Ltd is a China-based company engaged in the development, production sale of seeds, agrochemicals and spices. Geographically the activities are carried out through China.

Executives

Wang Hao Bo	Directors, executives
Chen Hui Zhong	Supervisors
Luo Song Biao	Directors, executives
Chen Mao Xin	Director
Xu Ji Ping	Directors, executives
Wu Da Xiang	Director

Hefei Fengle Seed Co (SZSE:000713) Headlines

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