Yuan Cheng Cable Co (SZSE:002692) Momentum Rank : 8 (As of Jun. 24, 2024)

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What is Yuan Cheng Cable Co Momentum Rank?

Yuan Cheng Cable Co has the Momentum Rank of 8.

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 Yuan Cheng Cable Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, Yuan Cheng Cable 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.

Yuan Cheng Cable Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Yuan Cheng Cable Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Yuan Cheng Cable Co's Momentum Rank falls into.

Yuan Cheng Cable Co Momentum Rank Related Terms

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Yuan Cheng Cable Co (SZSE:002692) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Yuan Cheng Cable Co Ltd (SZSE:002692) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 8, Yuancheng Road, Guanlin Town, Jiangsu Province, Yixing, CHN, 214251

Website

http://www.yccable.cn

Yuan Cheng Cable Co Ltd is engaged in the production of power cables. Its product portfolio includes low voltage power cable, medium voltage power cable, high voltage power cable, control cable, cloth wire, overhead insulated cable wire, mineral insulated cable, fireproof cable, special cable, and nuclear cable among others.

Executives

Yu Zhao Peng	Supervisors
Yu Guo Ping	Directors, executives
Li Zhi Qiang	Directors, executives
Yang Xiao Ming	Director

Yuan Cheng Cable Co (SZSE:002692) Headlines

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