Shanghai Nar Industrial Co (SZSE:002825) Momentum Rank : 5 (As of Dec. 14, 2024)

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What is Shanghai Nar Industrial Co Momentum Rank?

Shanghai Nar Industrial Co has the Momentum Rank of 5.

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 Shanghai Nar Industrial Co's Momentum Rank

For the Specialty Business Services subindustry, Shanghai Nar 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.

Shanghai Nar Industrial Co's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Shanghai Nar Industrial Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shanghai Nar Industrial Co's Momentum Rank falls into.

Shanghai Nar Industrial Co Momentum Rank Related Terms

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Shanghai Nar Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shanghai Nar Industrial Co Ltd (SZSE:002825) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.26, Xinhan Road, Xinchang Industrial Zone, Shanghai, CHN, 201314

Website

http://www.nar.com.cn

Shanghai Nar Industrial Co Ltd is engaged in the research, design and manufacturing & distribution of digital jet printing materials. Its products include car body sticks, coated printing materials, and among others.

Executives

You Ai Jun	Directors, Directors, and Executives
Yang Jian Tang	Directors, executives
Tao Fu Sheng	Directors, executives
Li Hong Lan	Supervisors

Shanghai Nar Industrial Co Headlines

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