Shaanxi Panlong Pharmaceutical Group (SZSE:002864) Momentum Rank : 3 (As of May. 29, 2024)

View and export this data going back to 2017. Start your Free Trial

What is Shaanxi Panlong Pharmaceutical Group Momentum Rank?

Shaanxi Panlong Pharmaceutical Group 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 Shaanxi Panlong Pharmaceutical Group's Momentum Rank

For the Drug Manufacturers - Specialty & Generic subindustry, Shaanxi Panlong Pharmaceutical Group'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.

Shaanxi Panlong Pharmaceutical Group's Momentum Rank Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Shaanxi Panlong Pharmaceutical Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shaanxi Panlong Pharmaceutical Group's Momentum Rank falls into.

Shaanxi Panlong Pharmaceutical Group Momentum Rank Related Terms

Thank you for viewing the detailed overview of Shaanxi Panlong Pharmaceutical Group's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Shaanxi Panlong Pharmaceutical Group (SZSE:002864) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Shaanxi Panlong Pharmaceutical Group Ltd (SZSE:002864) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

2801 Baliu 2nd Road, Modern Textile Ind Park Baqiao, Xian, CHN, 710025

Website

http://www.pljt.com

Shaanxi Panlong Pharmaceutical Group Ltd operates as a pharmaceuticals company. It manufactures and markets drugs for the treatment of traumatology, cardiovascular and cerebrovascular, respiratory, pediatrics, and hepatobiliary.

Executives

Zhang De Zhu	Directors, executives
Liu Zhao	Supervisors
Jian Bao Liang	Supervisors
Zhang Zhi Hong	Directors, executives
Zhang Shui Ping	Director
Wu Jie	Directors, Directors, and Executives
Zhu Feng Ming	Executives
Zhu Wen Feng	Director
Xie Xiao Feng	Director
Xie Xiao Lin	Directors, executives

Shaanxi Panlong Pharmaceutical Group (SZSE:002864) Headlines

No Headlines