Guangbo Group Stock Co (SZSE:002103) Momentum Rank : 5 (As of Sep. 22, 2024)

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What is Guangbo Group Stock Co Momentum Rank?

Guangbo Group Stock Co has the Momentum Rank of 5.

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 Guangbo Group Stock Co's Momentum Rank

For the Business Equipment & Supplies subindustry, Guangbo Group Stock 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.

Guangbo Group Stock Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangbo Group Stock Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Guangbo Group Stock Co's Momentum Rank falls into.

Guangbo Group Stock Co Momentum Rank Related Terms

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Guangbo Group Stock Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangbo Group Stock Co Ltd (SZSE:002103) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Che He, Shijie Street, Haishu District, Zhejiang Province, Ningbo, CHN, 315153

Website

http://www.guangbo.net

Guangbo Group Stock Co Ltd is involved in making office stationery, printing paper products, plastic products and export-import trade. Its products are found in supermarkets and wholesale markets in large and medium cities in China.

Executives

Ren Hang Zhong	Director
Hu Zhi Ming	Director
Dai Guo Ping	Directors, executives
Wang Li Ping	Director
Lin Xiao Fan	Supervisors
Wang Jun Ping	Directors, executives
Yang Hao Yue	Securities Affairs Representative
Yin Zhong Li	Independent director
Zhu Guo Zhang	Supervisors

Guangbo Group Stock Co Headlines

No Headlines