Guangdong Vanward New Electric Co (SZSE:002543) Momentum Rank : 6 (As of Sep. 22, 2024)

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What is Guangdong Vanward New Electric Co Momentum Rank?

Guangdong Vanward New Electric Co has the Momentum Rank of 6.

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 Guangdong Vanward New Electric Co's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, Guangdong Vanward New Electric 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.

Guangdong Vanward New Electric Co's Momentum Rank Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Guangdong Vanward New Electric Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Guangdong Vanward New Electric Co's Momentum Rank falls into.

Guangdong Vanward New Electric Co Momentum Rank Related Terms

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Guangdong Vanward New Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Guangdong Vanward New Electric Co Ltd (SZSE:002543) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.13, Jianye Mid-Road, Shunde High-Tech Industry Development Zone, Ronggui, Shunde, Foshan, Guangdong, CHN, 528305

Website

http://www.chinavanward.com

Guangdong Vanward New Electric Co Ltd is a China-based company engaged in the manufacture and sale of gas water heaters and other gas appliances. Its main products include gas water heaters, range hoods, as well as air, solar and other new energy hot water products. The company's products are mainly used in domestic hot water, heating and hot water, refrigeration, drying and surplus heat of backwater.

Executives

Huang Shao Yan	Supervisors
Hu Ling	Supervisors
Huang Hui Guang	Supervisors
Li Yue	Executives
Lu Chu Qi	Director

Guangdong Vanward New Electric Co Headlines

No Headlines