Jinghua Pharmaceutical Group Co (SZSE:002349) Momentum Rank : 2 (As of Mar. 22, 2025)

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What is Jinghua Pharmaceutical Group Co Momentum Rank?

Jinghua Pharmaceutical Group Co has the Momentum Rank of 2.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Jinghua Pharmaceutical Group Co's Momentum Rank

For the Drug Manufacturers - Specialty & Generic subindustry, Jinghua Pharmaceutical 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.

Jinghua Pharmaceutical Group Co's Momentum Rank Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Jinghua Pharmaceutical Group Co's Momentum Rank distribution charts can be found below:

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

Jinghua Pharmaceutical Group Co Momentum Rank Related Terms

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Jinghua Pharmaceutical Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Jinghua Pharmaceutical Group Co Ltd (SZSE:002349) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 9 Xingtai Road, Gangzha Economic Development Zone, Jiangsu Province, Nantong, CHN, 226005

Website

http://www.ntjhzy.com

Jinghua Pharmaceutical Group Co Ltd is engaged in the pharmaceutical research, development, manufacturing, and trading for active pharmaceutical ingredients, pharmaceutical intermediates, western medicines and proprietary Chinese medicine preparations. The company is also involved in the field of bio-medicine. It sells its products in China and also exports it to international countries.

Executives

Zhou Yun Zhong	Directors, executives
Song Hao	Executives
Qian Wei Feng	Director
Zhu Chun Lin	Director
Zan Rui Lin	Director
Ji Zheng Kun	Supervisors
Xu Yue	Executives

Jinghua Pharmaceutical Group Co Headlines

No Headlines