Shanghai Hongda New Material Co (SZSE:002211) Momentum Rank : 10 (As of Jun. 04, 2024)

View and export this data going back to 2008. Start your Free Trial

What is Shanghai Hongda New Material Co Momentum Rank?

Shanghai Hongda New Material 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 Shanghai Hongda New Material Co's Momentum Rank

For the Chemicals subindustry, Shanghai Hongda New Material 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.

Shanghai Hongda New Material Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shanghai Hongda New Material Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shanghai Hongda New Material Co's Momentum Rank falls into.

Shanghai Hongda New Material Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Shanghai Hongda New Material Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Shanghai Hongda New Material Co (SZSE:002211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Hongda New Material Co Ltd (SZSE:002211) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Mingzhu Plaza, Jiangsu Province, Yangzhong, CHN, 212200

Website

http://www.hongda-chemical.com

Shanghai Hongda New Material Co Ltd formerly known as Jiangsu Hongda New Material Co Ltd is engaged in producing high temperature silicone rubber products. The products of the company include die glue, low grade, ordinary molding, flame retardant, ordinary nipple glue, car matching glue, and cable joint glue.

Executives

Xu Liang Hu	Independent director
Liu Yan	Director
Zhu De Hong	Directors, executives
Lu Zhang Quan	Director
Zhang Jian Ping	Director
Guo Bei Qiong	Supervisors
Zhao Zhong Xiu	Director
Wu Jun Long	Supervisors
Wang Song	Executives
Zhang Jian	Director
Wang Yun	Executives

Shanghai Hongda New Material Co (SZSE:002211) Headlines

No Headlines