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Zoje Resources Investment Co (SZSE:002021) Momentum Rank : 3 (As of Dec. 12, 2024)


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What is Zoje Resources Investment Co Momentum Rank?

Zoje Resources Investment Co has the Momentum Rank of 3.

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 Zoje Resources Investment Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Zoje Resources Investment 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.


Zoje Resources Investment Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zoje Resources Investment Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zoje Resources Investment Co's Momentum Rank falls into.



Zoje Resources Investment Co Momentum Rank Related Terms

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Zoje Resources Investment Co Business Description

Traded in Other Exchanges
N/A
Address
No. 198, Xinggang East Road, Damaiyu Street, Zhejiang Province, Yuhuan, CHN, 317604
Zoje Resources Investment Co Ltd is a China-based machine industry company. It is engaged in the manufacturing and distribution of sewing machines, accessories, sewing machine castings and components of engineering machines. The company sells its products in the china and overseas markets.
Executives
Lai Xiao Hong Executives
Ye Li Fen Executives
Ma Jian Cheng Director
Wang Duan Directors, executives
Zheng Xue Guo Directors, executives
Ding Guang Ping Director
Tang Wei Bin Executives
Liu Chang Gui Directors, executives
Li Rui Yuan Directors, executives
Jin Qi Zhu Supervisors
Wang Ming Jian Director
Xu Ren Shun Directors, executives
Dan Sheng Yuan Director
Zhang Zhi You Directors, executives

Zoje Resources Investment Co Headlines

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