Xingye Leather Technology Co (SZSE:002674) Momentum Rank : 2 (As of May. 05, 2025)

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What is Xingye Leather Technology Co Momentum Rank?

Xingye Leather Technology Co has the Momentum Rank of 2.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Xingye Leather Technology Co's Momentum Rank

For the Textile Manufacturing subindustry, Xingye Leather Technology 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.

Xingye Leather Technology Co's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Xingye Leather Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Xingye Leather Technology Co's Momentum Rank falls into.

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Xingye Leather Technology Co Momentum Rank Related Terms

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Xingye Leather Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Xingye Leather Technology Co Ltd (SZSE:002674) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 1, Xingye Road, Anhai Second Industrial Zone, Fujian Province, Jinjiang, CHN, 362261

Website

http://www.xingyeleather.com

Xingye Leather Technology Co Ltd is engaged as a supplier of shoe leather materials. The products of the company include Napa series, natural wrestling series, and special effect leather series.

Executives

Sun Hui Yong	Directors, executives
Cai Yi Lei	Executives
Cai Jian She	Directors, executives
Wu Hua Chun	Director
Li Guang Qing	Executives
Su Jian Zhong	Supervisors
Zhang Liang	Securities Affairs Representative
Ran Chong Yuan	Directors, executives
Wu Mei Li	Directors, executives

Xingye Leather Technology Co Headlines

No Headlines