Changjiang Runfa Health Industry Co (SZSE:002435) Momentum Rank : 1 (As of Jun. 05, 2024)

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What is Changjiang Runfa Health Industry Co Momentum Rank?

Changjiang Runfa Health Industry Co has the Momentum Rank of 1.

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 Changjiang Runfa Health Industry Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Changjiang Runfa Health Industry 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.

Changjiang Runfa Health Industry Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Changjiang Runfa Health Industry Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Changjiang Runfa Health Industry Co's Momentum Rank falls into.

Changjiang Runfa Health Industry Co Momentum Rank Related Terms

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Changjiang Runfa Health Industry Co (SZSE:002435) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changjiang Runfa Health Industry Co Ltd (SZSE:002435) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Town of Chen Feng Feng Road, Jiangsu Province, Zhangjiagang City, CHN, 215631

Website

http://www.cjrfjx.com

Changjiang Runfa Health Industry Co Ltd, formerly Changjiang Runfa Medicine Co Ltd is a manufacturer of elevator system components. Its main components in the elevator guide system development, production, sales, and service. The company's products include solid rails and rail blank, hollow guide rail, elevator guide rail, connecting plates, pressing the elevator guides and other components.

Executives

Huang Zhong He	Director
Qiu Qi Qin	Director
Lu Bin	Directors, executives
Yu Xia Qiu	Director
Yu Quan He	Director
Shen Jian	Executives

Changjiang Runfa Health Industry Co (SZSE:002435) Headlines

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