Qingdao Weflo Valve Co (SZSE:002871) Momentum Rank : 2 (As of Jun. 22, 2024)

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What is Qingdao Weflo Valve Co Momentum Rank?

Qingdao Weflo Valve Co has the Momentum Rank of 2.

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 Qingdao Weflo Valve Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Qingdao Weflo Valve 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.

Qingdao Weflo Valve Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Qingdao Weflo Valve Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Qingdao Weflo Valve Co's Momentum Rank falls into.

Qingdao Weflo Valve Co Momentum Rank Related Terms

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Qingdao Weflo Valve Co (SZSE:002871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Weflo Valve Co Ltd (SZSE:002871) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 45 Xinghe Road, Jimo City Blue Village, Shandong Province, Qingdao City, CHN, 266111

Website

http://www.weilongvalve.com

Qingdao Weflo Valve Co Ltd is a high-tech enterprise specializing in design, development, manufacturing and sales of water supply and drainage valve products. Its products portfolio includes butterfly valves, fire valves, multi-function valves, globe valves, check valves, ball valves, rubber joints, filters, exhaust valves, balance valves and bottom valves. Its products are mainly used in the urban water supply and drainage systems, firefighting water supply systems, heating ventilation air conditioning (HVAC) systems and sewage treatment systems, among others.

Executives

Li Hui Jun	Director
Qu Hui Cheng	Executives
Zhang Hui Ting	Executives
Guo Cheng Ni	Executives
Wang Zhao Jian	Executives
Fan Qing Wei	Director
Zhao Xiang	Securities Affairs Representative
Liu Ke Ping	Directors, executives
Cui Xing Jian	Executives

Qingdao Weflo Valve Co (SZSE:002871) Headlines

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