Lecron Industrial Development Group Co (SZSE:300343) Momentum Rank : 1 (As of May. 05, 2025)

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What is Lecron Industrial Development Group Co Momentum Rank?

Lecron Industrial Development Group Co has the Momentum Rank of 1.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

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

Competitive Comparison of Lecron Industrial Development Group Co's Momentum Rank

For the Chemicals subindustry, Lecron Industrial Development Group 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.

Lecron Industrial Development Group Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lecron Industrial Development Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lecron Industrial Development Group Co's Momentum Rank falls into.

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Lecron Industrial Development Group Co Momentum Rank Related Terms

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Lecron Industrial Development Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lecron Industrial Development Group Co Ltd (SZSE:300343) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 219, East Changguo Road, East Chemical Industrial Zone, Zhangdian District, Shandong Province, Zibo, CHN, 255080

Website

http://www.lecron.cn

Lecron Industrial Development Group Co Ltd formerly known as Lecron Internet Media Industry Co Ltd is engaged in the research and development, production and promotion of green chemicals. The company's product range covers monomer polyether polyol, system polyol for polyurethane foam, polyurethane prepolymer for elastomer, polyurea waterproof and anti-corrosion materials, medical intermediate, polyurethane fireproof insulation panel and others.

Executives

Wang Xian Dong	Executives
Li Hui Min	Securities Affairs Representative
Shao Xiu Ying	Director
Qi Hai Ying	Directors, executives
Li Hong Guo	Director
Hu An Zhi	Secretary, Director
Wang Wei	Directors, executives
Wang Jing	Directors, executives

Lecron Industrial Development Group Co Headlines

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