Zhongshan Broad-ocean Motor Co (SZSE:002249) Momentum Rank : 9 (As of Jun. 25, 2024)

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What is Zhongshan Broad-ocean Motor Co Momentum Rank?

Zhongshan Broad-ocean Motor Co has the Momentum Rank of 9.

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 Zhongshan Broad-ocean Motor Co's Momentum Rank

For the Auto Parts subindustry, Zhongshan Broad-ocean Motor 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.

Zhongshan Broad-ocean Motor Co's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Zhongshan Broad-ocean Motor Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhongshan Broad-ocean Motor Co's Momentum Rank falls into.

Zhongshan Broad-ocean Motor Co Momentum Rank Related Terms

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Zhongshan Broad-ocean Motor Co (SZSE:002249) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Zhongshan Broad-ocean Motor Co Ltd (SZSE:002249) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

The Third Industrial Zone, Shalang, West District, Zhongshan, Guangdong, CHN, 528411

Website

http://www.broad-ocean.com

Zhongshan Broad-ocean Motor Co Ltd operates in motor and drive system industry. The company is engaged in development and production of motors which include new energy vehicle powertrain system, hydrogen fuel cell system, hydrogen engine system, and vehicle rotating electrical appliances.

Executives

Lu Chu Ping	Director
Liu Zi Wen	Executives
Xiong Jie Ming	Executives
Wu Xiao Yun	Executives
Lan Jiang	Supervisors
Zhang Yun Long	Director
Xu Hai Ming	Directors, executives
Wang Wen Li	Director
Xu Yan Dong	Supervisors
Gong Jun	Director
Qu Ming	Supervisors
Yu Jin Song	Independent director
Wang Zhen Biao	Supervisors
Yan Zhan Hua	Executives
Peng Hui	Director

Zhongshan Broad-ocean Motor Co (SZSE:002249) Headlines

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