Sichuan Hexie Shuangma Co (SZSE:000935) Momentum Rank : 10 (As of Jun. 09, 2024)

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What is Sichuan Hexie Shuangma Co Momentum Rank?

Sichuan Hexie Shuangma Co has the Momentum Rank of 10.

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 Sichuan Hexie Shuangma Co's Momentum Rank

For the Asset Management subindustry, Sichuan Hexie Shuangma 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.

Sichuan Hexie Shuangma Co's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sichuan Hexie Shuangma Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sichuan Hexie Shuangma Co's Momentum Rank falls into.

Sichuan Hexie Shuangma Co Momentum Rank Related Terms

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Sichuan Hexie Shuangma Co (SZSE:000935) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sichuan Hexie Shuangma Co Ltd (SZSE:000935) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Erlangmiao Town, Sichuan Province, Jiangyou, CHN, 610000

Website

http://www.sc-shuangma.com

Sichuan Hexie Shuangma Co Ltd is engaged in industrial investment and equity investment fund management. The company mainly manages assets including building materials manufacturing enterprises and equity investment fund management companies. Its building materials manufacturing enterprise business includes the production and sales of cement products and construction aggregates.

Executives

Feng Tao	Executives
Xie Jin Hua	Supervisors
Wang Qiao	Director
Li Feng Li	Supervisors
Zhang Yan Xue	Director

Sichuan Hexie Shuangma Co (SZSE:000935) Headlines

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