Guangxi Rural Investment Sugar Industry Group Co (SZSE:000911) Momentum Rank : 4 (As of Sep. 22, 2024)

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What is Guangxi Rural Investment Sugar Industry Group Co Momentum Rank?

Guangxi Rural Investment Sugar Industry Group 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 Guangxi Rural Investment Sugar Industry Group Co's Momentum Rank

For the Confectioners subindustry, Guangxi Rural Investment Sugar Industry Group 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.

Guangxi Rural Investment Sugar Industry Group Co's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Guangxi Rural Investment Sugar Industry Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Guangxi Rural Investment Sugar Industry Group Co's Momentum Rank falls into.

Guangxi Rural Investment Sugar Industry Group Co Momentum Rank Related Terms

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Guangxi Rural Investment Sugar Industry Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guangxi Rural Investment Sugar Industry Group Co Ltd (SZSE:000911) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 30, Xiangzhu Avenue, Qingxiu District, Guangxi Zhuang Autonomous Region, Nanning, CHN, 530023

Website

http://www.nnsugar.com

Guangxi Rural Investment Sugar Industry Group Co Ltd is a China-based company mainly engaged in the production and sales of mechanism sugar and mechanism paper. Its products include Mingyang brand white sugar, Yunou brand white sugar, and Damingshan brand white granulated sugar.

Executives

Liang Ge Fu	Independent director
Hu Chao Yong	Executives
Wang Guo Liang	Director
Lu Tian Mei	Director
Du Da Qiang	Supervisors
Wei Yong Shang	Executives

Guangxi Rural Investment Sugar Industry Group Co Headlines

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