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China Dive Co (SZSE:300526) Momentum Rank : 0 (As of Apr. 30, 2024)


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What is China Dive Co Momentum Rank?

China Dive Co has the Momentum Rank of 0.

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.

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China Dive Co (SZSE:300526) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China Dive Co Ltd (SZSE:300526) » Definitions » Momentum Rank
Comparable Companies
SZSE:300329 SZSE:002862 SHSE:600593 SZSE:300756 SZSE:002348 SHSE:600555 SZSE:002899 SZSE:000017 SZSE:002502 SZSE:002105 TSE:4661 HKSE:02020 HKSE:02331 TSE:7832 POOL TSE:7309 LSE:CCL HAS MAT TSE:7951
Traded in Other Exchanges
N/A
Address
Changbu Village, Xinxu Town, Huiyang District, Guangdong Province, Huizhou, CHN, 516223
Website
http://www.sumnet.com.cn
China Dive Co Ltd is a manufacturer of diving equipment products and provides diving services. Its engaged in producing marine diving equipment such as diving suits and fishing and hunting suits. It offers products such as dry diving suits, semi-dry wetsuit, wetsuit, hunting and fishing clothes, and other accessory equipment.

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