Luthai Textile Co (SZSE:200726) Momentum Rank : 1 (As of May. 27, 2024)

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What is Luthai Textile Co Momentum Rank?

Luthai Textile Co has the Momentum Rank of 1.

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 Luthai Textile Co's Momentum Rank

For the Textile Manufacturing subindustry, Luthai Textile 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.

Luthai Textile Co's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Luthai Textile Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Luthai Textile Co's Momentum Rank falls into.

Luthai Textile Co Momentum Rank Related Terms

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Luthai Textile Co (SZSE:200726) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Luthai Textile Co Ltd (SZSE:200726) » Definitions » Momentum Rank

Traded in Other Exchanges

000726:China

Address

Number 11, Mingbo Road, High-tech Industry Development Zone, Shandong, Zibo, CHN, 255086

Website

http://www.lttc.com.cn

Luthai Textile Co Ltd is a China-based company. Its business includes the production, processing and sales business of cotton yarn, yarn dyed fabrics, shirts, fashion accessories, health underwear and other textile products and their mating products; design, Research and development, technology services of the textile and garment products. It has four segments which are Textile and apparel, Cotton, Electricity and steam, and Other. Most of the revenue generated from the Textile and apparel segment.

Executives

Pan Ping Li	Executives
Liu Zi Long	Supervisors
Qin Gui Ling	Secretary, Director
Zhang Hong Mei	Executives
Lv Yong Chen	Executives
Wang Fang Shui	Directors, executives
Zheng Wei Yin	Securities Affairs Representative
Zhu Ling Wen	Supervisors
Liu Shi Zhen	Director
Zhang Ke Ming	Executives
Bai Nian Yue	Executives
Zhang Shou Gang	Executives
Zhang Jian Xiang	Executives
Yu Yong Bin	Executives
Li Tong Min	Supervisors

Luthai Textile Co (SZSE:200726) Headlines

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