Jiangsu Changqing Agrichemical Co (SZSE:002391) Momentum Rank : 4 (As of Jun. 23, 2024)

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What is Jiangsu Changqing Agrichemical Co Momentum Rank?

Jiangsu Changqing Agrichemical 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 Jiangsu Changqing Agrichemical Co's Momentum Rank

For the Agricultural Inputs subindustry, Jiangsu Changqing Agrichemical 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.

Jiangsu Changqing Agrichemical Co's Momentum Rank Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Jiangsu Changqing Agrichemical Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Jiangsu Changqing Agrichemical Co's Momentum Rank falls into.

Jiangsu Changqing Agrichemical Co Momentum Rank Related Terms

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Jiangsu Changqing Agrichemical Co (SZSE:002391) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Jiangsu Changqing Agrichemical Co Ltd (SZSE:002391) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Puto Town, Jiangsu City, Jiangsu, Jiangdu, CHN, 225218

Website

http://www.jscq.com

Jiangsu Changqing Agrichemical Co Ltd is a China-based company. It is engaged in the production of synthetic pesticides, pesticide intermediates, and other chemicals.

Executives

Xiao Gang	Securities Affairs Representative
Yu Guo Quan	Director
Huang Nan Zhang	Director
Lv Liang Zhong	Executives
Zhou Ru Xiang	Directors, executives
Zhou Xiu Lai	Supervisors
Yu Guo Qing	Director
Ji Zhi Yang	Supervisors
Ma Zhang Qing	Directors, executives
Sun Xia Lin	Executives
Du Gang	Executives
Kong Qing Zhu	Executives
Zhao Ting	Securities Affairs Representative

Jiangsu Changqing Agrichemical Co (SZSE:002391) Headlines

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