Wuxi Honghui New Materials Technology Co (SZSE:002802) Momentum Rank : 6 (As of May. 03, 2025)

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What is Wuxi Honghui New Materials Technology Co Momentum Rank?

Wuxi Honghui New Materials Technology Co has the Momentum Rank of 6.

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 Wuxi Honghui New Materials Technology Co's Momentum Rank

For the Chemicals subindustry, Wuxi Honghui New Materials 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.

Wuxi Honghui New Materials Technology Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Wuxi Honghui New Materials Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Wuxi Honghui New Materials Technology Co's Momentum Rank falls into.

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Wuxi Honghui New Materials Technology Co Momentum Rank Related Terms

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Wuxi Honghui New Materials Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Wuxi Honghui New Materials Technology Co Ltd (SZSE:002802) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

New Material Industrial Park, Donggang Town, Xishan District, Xishan District, Jiangsu Province, Wuxi, CHN, 214196

Website

http://www.wuxihonghui.com

Wuxi Honghui New Materials Technology Co Ltd is engaged in research and development, manufacturing and marketing of vinyl chloride-vinyl acetate copolymer resin and vinyl chloride copolymer emulsion products. Its products are widely used in industries such as inks, paint, coating, colour chips, record compounds, magnetic card base material, adhesives and plastic particles.

Executives

Sun Ling	Executives
Sun Jian Jun	Executives
Ma Tian Yuan	Executives
Jiang Hai Dong	Supervisors
Li Zhuan Yuan	Directors, Directors, and Executives
Xiang Hong Wei	Directors, executives
Hua Li Kang	Supervisors
Yue Xi Zhu	Executives
Chen Jian Nan	Executives

Wuxi Honghui New Materials Technology Co Headlines

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