Zhejiang Ming Jewelry Co (SZSE:002574) Momentum Rank : 2 (As of Dec. 14, 2024)

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What is Zhejiang Ming Jewelry Co Momentum Rank?

Zhejiang Ming Jewelry Co has the Momentum Rank of 2.

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 Zhejiang Ming Jewelry Co's Momentum Rank

For the Luxury Goods subindustry, Zhejiang Ming Jewelry 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.

Zhejiang Ming Jewelry Co's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Zhejiang Ming Jewelry Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhejiang Ming Jewelry Co's Momentum Rank falls into.

Zhejiang Ming Jewelry Co Momentum Rank Related Terms

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Zhejiang Ming Jewelry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Zhejiang Ming Jewelry Co Ltd (SZSE:002574) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Number 1016, Jingshui Road, Keqiao District, Zhejiang Province, Shaoxing, CHN, 312046

Website

http://www.mingr.com

Zhejiang Ming Jewelry Co Ltd is a China-based company engaged in the design, research, and development, manufacture and distribution of high-grade precious metals and gemstone jewelry products, as well as the operation and management of MINGR jewelry brands. The company's main products include diamonds, gold, K gold, colorful treasures, jade, high-end silverware, and other jewelry.

Executives

Ye Wei Guo	Supervisors
Yin Shang Liang	Directors, executives
Xu Guan Xing	Executives
Yu A Wu	Director

Zhejiang Ming Jewelry Co Headlines

No Headlines