Hainan Shuangcheng Pharmaceuticals Co (SZSE:002693) Momentum Rank : 3 (As of Oct. 31, 2024)

View and export this data going back to 2012. Start your Free Trial

What is Hainan Shuangcheng Pharmaceuticals Co Momentum Rank?

Hainan Shuangcheng Pharmaceuticals Co has the Momentum Rank of 3.

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 Hainan Shuangcheng Pharmaceuticals Co's Momentum Rank

For the Drug Manufacturers - Specialty & Generic subindustry, Hainan Shuangcheng Pharmaceuticals 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.

Hainan Shuangcheng Pharmaceuticals Co's Momentum Rank Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hainan Shuangcheng Pharmaceuticals Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hainan Shuangcheng Pharmaceuticals Co's Momentum Rank falls into.

Hainan Shuangcheng Pharmaceuticals Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Hainan Shuangcheng Pharmaceuticals Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Hainan Shuangcheng Pharmaceuticals Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hainan Shuangcheng Pharmaceuticals Co Ltd (SZSE:002693) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

16 Xingguo Road, Xiuying District, Haikou, CHN, 570311

Website

http://www.shuangchengmed.com

Hainan Shuangcheng Pharmaceuticals Co Ltd is engaged in the research, development, and sales of synthesized peptide drugs.

Executives

Yuan Jian Lin	Executives
Zhang Wei	Executives
Yu Xiao Feng	Directors, executives
Wang Xu Guang	Executives
	Directors, executives
Wang Cheng Dong	Directors, executives
	Executives
Hu Yi	Securities Affairs Representative

Hainan Shuangcheng Pharmaceuticals Co Headlines

No Headlines