Qingdao Sentury Tire Co (SZSE:002984) Momentum Rank : 8 (As of Dec. 15, 2024)

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What is Qingdao Sentury Tire Co Momentum Rank?

Qingdao Sentury Tire Co has the Momentum Rank of 8.

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 Sentury Tire Co's Momentum Rank

For the Auto Parts subindustry, Qingdao Sentury Tire 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 Sentury Tire Co's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Qingdao Sentury Tire Co's Momentum Rank distribution charts can be found below:

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

Qingdao Sentury Tire Co Momentum Rank Related Terms

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Qingdao Sentury Tire Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qingdao Sentury Tire Co Ltd (SZSE:002984) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 5, Tianshan 3rd Road, Daxin Town, Jimo District, Shandong Province, Qingdao, CHN, 266229

Website

http://www.senturytire.com

Qingdao Sentury Tire Co Ltd is engaged in the research and development, production and sales of semi-steel radial tires and aviation tires.

Executives

Lin Wen Long	Directors, executives
Qin Long	Director
Qin Jing Bo	Directors, executives
Jin Sheng Yong	Secretary, Director
Liu Gao Yang	Supervisors

Qingdao Sentury Tire Co Headlines

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