Shandong Zhangqiu Blower Co (SZSE:002598) Momentum Rank : 5 (As of May. 25, 2024)

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What is Shandong Zhangqiu Blower Co Momentum Rank?

Shandong Zhangqiu Blower Co has the Momentum Rank of 5.

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 Shandong Zhangqiu Blower Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Shandong Zhangqiu Blower 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.

Shandong Zhangqiu Blower Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shandong Zhangqiu Blower Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shandong Zhangqiu Blower Co's Momentum Rank falls into.

Shandong Zhangqiu Blower Co Momentum Rank Related Terms

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Shandong Zhangqiu Blower Co (SZSE:002598) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Zhangqiu Blower Co Ltd (SZSE:002598) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mingshui Economic Development Zone, Shandong Province, Zhangqiu City, CHN, 250200

Website

http://www.blower.cn

Shandong Zhangqiu Blower Co Ltd operates in general equipment manufacturing industry. The products of the company include roots blowers, multi stage centrifugal blowers, and fans.

Executives

Liu Xin Quan	Supervisors
Niu Yu Sheng	Directors, executives
Fang Shu Peng	Directors, executives
Fang Run Gang	Director
Xu Chun Dong	Executives
Wang Chong Pu	Directors, executives
Gao Ke	Supervisors
Zhang Ying Qi	Directors, executives
Gao Yu Xin	Directors, executives
Xi Ji Xiang	Executives
Bai Ze Kui	Executives
Chen Chao	Secretary Dong
Liu Shi Hua	Director
Zhu Wen Bo	Director
Shen Neng Yao	Executives

Shandong Zhangqiu Blower Co (SZSE:002598) Headlines

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