Zhejiang Zhongxin Fluoride Materials Co (SZSE:002915) Momentum Rank : 5 (As of Dec. 15, 2024)

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What is Zhejiang Zhongxin Fluoride Materials Co Momentum Rank?

Zhejiang Zhongxin Fluoride Materials 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 Zhejiang Zhongxin Fluoride Materials Co's Momentum Rank

For the Specialty Chemicals subindustry, Zhejiang Zhongxin Fluoride 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.

Zhejiang Zhongxin Fluoride Materials Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Zhongxin Fluoride Materials Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhejiang Zhongxin Fluoride Materials Co's Momentum Rank falls into.

Zhejiang Zhongxin Fluoride Materials Co Momentum Rank Related Terms

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Zhejiang Zhongxin Fluoride Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Zhongxin Fluoride Materials Co Ltd (SZSE:002915) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5, No. 13, Shangyu Economic and Technological Development Zone, Hangzhou Bay, Shangyu District, Zhejiang, Shangyu, CHN

Website

http://www.zxchemgroup.com

Zhejiang Zhongxin Fluoride Materials Co Ltd is engaged in manufacturing and selling of fluorine fine chemicals. Its products offering include Fluorine-containing cyanobenzene series, benzoic acid series, phenylcarbinol series and Heterocyclic ring series.

Executives

Shi Zheng Jun	Executives
Yuan Shao Lan	Directors, Directors, and Executives
Yuan Qi Liang	Executives
Cao Guo Lu	Director
He Li Yuan	Supervisors
Xu Jian Guo	Director

Zhejiang Zhongxin Fluoride Materials Co Headlines

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