Shanghai Zhezhong Group Co (SZSE:002346) Momentum Rank : 4 (As of May. 25, 2024)

View and export this data going back to 2010. Start your Free Trial

What is Shanghai Zhezhong Group Co Momentum Rank?

Shanghai Zhezhong Group Co has the Momentum Rank of 4.

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 Zhezhong Group Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, Shanghai Zhezhong Group 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 Zhezhong Group Co's Momentum Rank Distribution in the Industrial Products Industry

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

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

Shanghai Zhezhong Group Co Momentum Rank Related Terms

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

Shanghai Zhezhong Group Co (SZSE:002346) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Zhezhong Group Co Ltd (SZSE:002346) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 368 Canggong Road, Fengxian District, Chemical Industry Park, Shanghai, CHN, 201402

Website

http://www.ch-zzcc.com

Shanghai Zhezhong Group Co Ltd manufactures and sells sets of switching equipment in China. It offers sets of switchgear, control equipment, and box-type substation.

Executives

Wu Cheng Min	Supervisors
Ma Yu Hua	Directors, executives
Tang Wen Hua	Supervisors
Yu Mei	Supervisors
Tang Yi Bo	Supervisors
Huang Dong	Supervisors
Ji Ji Ping	Director

Shanghai Zhezhong Group Co (SZSE:002346) Headlines

No Headlines