Zhejiang Fenglong Electric Co (SZSE:002931) Momentum Rank : 5 (As of Sep. 21, 2024)

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What is Zhejiang Fenglong Electric Co Momentum Rank?

Zhejiang Fenglong Electric 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 Fenglong Electric Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Zhejiang Fenglong Electric 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 Fenglong Electric Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Fenglong Electric Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhejiang Fenglong Electric Co's Momentum Rank falls into.

Zhejiang Fenglong Electric Co Momentum Rank Related Terms

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Zhejiang Fenglong Electric Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Fenglong Electric Co Ltd (SZSE:002931) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.5 of Nilu Road, Lianghu industrial Zone, Zhejiang Province, Shangyu District, Shaoxing, CHN, 312351

Website

http://www.fenglong-electric.com

Zhejiang Fenglong Electric Co Ltd is engaged in manufacturing of components, parts of garden equipment, and automotive industries. The products of the company include ignition modules, flywheels, cylinders, and aluminum die castings parts. These components can be used in a trimmer, chainsaw, hedge trimmer, and automotive systems like transmission system, brake system, and thermostat system.

Executives

Li Zhong	Director
Lu Guo Hua	Supervisors
Lei De You	Executives

Zhejiang Fenglong Electric Co Headlines

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