Zhejiang Yilida Ventilator Co (SZSE:002686) Momentum Rank : 2 (As of Jun. 23, 2024)

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What is Zhejiang Yilida Ventilator Co Momentum Rank?

Zhejiang Yilida Ventilator 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 Yilida Ventilator Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Zhejiang Yilida Ventilator 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 Yilida Ventilator Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Yilida Ventilator Co's Momentum Rank distribution charts can be found below:

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

Zhejiang Yilida Ventilator Co Momentum Rank Related Terms

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Zhejiang Yilida Ventilator Co (SZSE:002686) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Yilida Ventilator Co Ltd (SZSE:002686) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hengjie,luqiao District, Taizhou City, CHN, 318056

Website

http://www.yilida.com

Zhejiang Yilida Ventilator Co Ltd is a manufacturer of energy-consuming products. The company is mainly engaged in the development and production of air-conditioning and engineering fans. The company's brands include yilida, Wolter, Fu Lihua and Mal. It supplies air moving products to the major heating, ventilation, and air conditioning companies worldwide. Its products are widely used in the commercial buildings including supply and exhaust, AHU, smoke extraction and fire safety applications.

Executives

Jiang Lan	Executives
Chen Xin Quan	Director
Luo Yang Qian	Securities Affairs Representative
Huang Can	Director
Xu Xiao Bo	Supervisors
Li Jun Zhou	Directors, executives

Zhejiang Yilida Ventilator Co (SZSE:002686) Headlines

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