Fujian Ideal Jewellery Industrial Co (SZSE:002740) Momentum Rank : 1 (As of Sep. 24, 2024)

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What is Fujian Ideal Jewellery Industrial Co Momentum Rank?

Fujian Ideal Jewellery Industrial Co has the Momentum Rank of 1.

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 Fujian Ideal Jewellery Industrial Co's Momentum Rank

For the Luxury Goods subindustry, Fujian Ideal Jewellery Industrial 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.

Fujian Ideal Jewellery Industrial Co's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Fujian Ideal Jewellery Industrial Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Fujian Ideal Jewellery Industrial Co's Momentum Rank falls into.

Fujian Ideal Jewellery Industrial Co Momentum Rank Related Terms

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Fujian Ideal Jewellery Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fujian Ideal Jewellery Industrial Co Ltd (SZSE:002740) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.14, Longteng South Road, Xinluo, 4th Floor, Pearl River Building, Fujian Province, Xinluo District, Longyan, CHN, 518020

Website

http://www.idr.com.cn

Fujian Ideal Jewellery Industrial Co Ltd, formerly Shenzhen Ideal Jewellery Co Ltd is engaged in manufacture and sale of jewellery products. It offers products including pendants, rings, earrings, and necklace.

Executives

Li Yong	Director
Liu Li	Director
Di Ai Ling	Director
Zhu Xin Wu	Secretary, Director
Su Ri Ming	Director
Su Jiang Hong	Supervisors
Su Qi Hao	Directors, executives
Li Cheng Feng	Executives
Su Yong Ming	Directors, executives
Wang Bin Kang	Independent director
Miao Zhi Guo	Directors, executives

Fujian Ideal Jewellery Industrial Co Headlines

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