Henan Hengxing Science & Technology Co (SZSE:002132) Momentum Rank : 10 (As of May. 27, 2024)

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What is Henan Hengxing Science & Technology Co Momentum Rank?

Henan Hengxing Science & Technology 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 Henan Hengxing Science & Technology Co's Momentum Rank

For the Steel subindustry, Henan Hengxing Science & Technology 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.

Henan Hengxing Science & Technology Co's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Henan Hengxing Science & Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Henan Hengxing Science & Technology Co's Momentum Rank falls into.

Henan Hengxing Science & Technology Co Momentum Rank Related Terms

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Henan Hengxing Science & Technology Co (SZSE:002132) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Henan Hengxing Science & Technology Co Ltd (SZSE:002132) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 121 Yiluo North Road, Gongyi, Henan, CHN, 451251

Website

http://www.hengxingchinese.com

Henan Hengxing Science & Technology Co Ltd is engaged in the production of steel in China. The company mainly produces steel cords, hose steel wires, ultra-fine steel wires, galvanized and alloy coated steel wires, steel strands and PC steel strands for radial tires. Its products are widely used in automobile tires, rubber hoses, power cables, overhead power lines, high-speed railways, ports, and silicon wafer cutting for photovoltaic solar energy.

Executives

Li Ming	Directors, executives
Xu Hui Jing	Directors, executives
Xie Bao Wan	Director
Xie Bao Jian	Executives
Zhang Yun Hong	Directors, executives
Xie Xiao Long	Directors, executives
Xie Jin Bao	Executives
Zhao Wen Juan	Directors, executives
Bai Zhong Xiang	Independent director
Xie Bao Jun	Director
Chen Bing Zhang	Director
Tan Shi Hong	Supervisors
Li Bao Jie	Executives
Jiao Yao Zhong	Directors, executives
Xie Fu Qiang	Director

Henan Hengxing Science & Technology Co (SZSE:002132) Headlines

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