Jiangsu Nata Opto-electronic Material Co (SZSE:300346) Momentum Rank : 1 (As of Jun. 10, 2024)

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What is Jiangsu Nata Opto-electronic Material Co Momentum Rank?

Jiangsu Nata Opto-electronic Material 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 Jiangsu Nata Opto-electronic Material Co's Momentum Rank

For the Specialty Chemicals subindustry, Jiangsu Nata Opto-electronic Material 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.

Jiangsu Nata Opto-electronic Material Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Jiangsu Nata Opto-electronic Material Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Jiangsu Nata Opto-electronic Material Co's Momentum Rank falls into.

Jiangsu Nata Opto-electronic Material Co Momentum Rank Related Terms

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Jiangsu Nata Opto-electronic Material Co (SZSE:300346) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Jiangsu Nata Opto-electronic Material Co Ltd (SZSE:300346) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Cuiwei Street, 7th Floor, Moon Bay International Center, Suzhou Industrial Park, Suzhou, CHN, 215021

Website

http://www.natachem.com

Jiangsu Nata Opto-electronic Material Co Ltd develops, manufactures and sells photoelectric new material high-purity metal organic source. The company's main products include trimethyl gallium, trimethyl indium, and trimethyl aluminum.

Executives

Zhang Xing Guo	Director
Ji Min Kun	Executives
Chen Hua Bing	Executives
Fang De Cai	Independent director
Su Yong Qin	Executives
Zhang Jian Fu	Directors, executives
Feng Jian Song	Directors, executives
Shen Jie	Director
Sun Xiang Zhen	Directors, executives
Di Li	Director
Cai Yan Xin	Supervisors

Jiangsu Nata Opto-electronic Material Co (SZSE:300346) Headlines

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