Shenzhen Wote Advanced Materials Co (SZSE:002886) Momentum Rank : 10 (As of May. 27, 2024)

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What is Shenzhen Wote Advanced Materials Co Momentum Rank?

Shenzhen Wote Advanced Materials Co has the Momentum Rank of 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Shenzhen Wote Advanced Materials Co's Momentum Rank

For the Specialty Chemicals subindustry, Shenzhen Wote Advanced Materials 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.

Shenzhen Wote Advanced Materials Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shenzhen Wote Advanced Materials Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shenzhen Wote Advanced Materials Co's Momentum Rank falls into.

Shenzhen Wote Advanced Materials Co Momentum Rank Related Terms

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Shenzhen Wote Advanced Materials Co (SZSE:002886) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenzhen Wote Advanced Materials Co Ltd (SZSE:002886) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 / 2F, Building 10, Jixun Strategic Emerging Industrial Park, Nantou Port, Nanshan District, Shenzhen, CHN, 518052

Website

http://www.wotlon.com

Shenzhen Wote Advanced Materials Co Ltd is engaged in product research and development, production, technical service and related international trade of special performance polymer materials and environmentally friendly engineering plastic. Its product portfolio includes carbon fiber/carbon black powder reinforced electronic conductive series products, high gloss spray-free material, nano-composite material, modified PPO, PC and PC/ABS series materials.

Executives

Wu Xian	Director
He Zheng	Directors, executives
Chen Yu	Supervisors

Shenzhen Wote Advanced Materials Co (SZSE:002886) Headlines

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