Zhejiang Canaan Technology (SZSE:300412) Momentum Rank : 5 (As of Jun. 24, 2024)

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What is Zhejiang Canaan Technology Momentum Rank?

Zhejiang Canaan Technology 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 Canaan Technology's Momentum Rank

For the Specialty Industrial Machinery subindustry, Zhejiang Canaan Technology'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 Canaan Technology's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Zhejiang Canaan Technology's Momentum Rank falls into.

Zhejiang Canaan Technology Momentum Rank Related Terms

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Zhejiang Canaan Technology (SZSE:300412) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Canaan Technology Ltd (SZSE:300412) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Linpu Bridge, Dong'ou Industrial Park, Wenzhou, Zhejiang Province, CHN, 325105

Website

http://www.china-jianan.company.weiku.com

Zhejiang Canaan Technology Ltd is a manufacturer of designing and processing equipment for solid dosage. Its main products include powder processing equipment, solid Body preparation equipment, Chinese medicine extraction equipment and fluid processing equipment. Its products categories are NT series Pharma Lifters, HZD series Bin Blenders, FZ series Fluid-bed Granulators, QD series Automatic Washing Stations and LHS series Mixers & Granulators which are widely used in pharmaceutical industry, chemical industry, foodstuff industry.

Executives

Zhou Zhen Dao	Director
Fang Zhi Yi	Director
Xu Hai Zhi	Executives
Chao Hu	Directors, executives, securities affairs represen
Wan Guo Hua	Executives
Liao Quan Hui	Executives
Chen Yong Xing	Directors, executives, securities affairs represen
Sun Guo Long	Director
Yang Dao Xiao	Supervisors

Zhejiang Canaan Technology (SZSE:300412) Headlines

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