Anhui Korrun Co (SZSE:300577) Momentum Rank : 3 (As of May. 24, 2024)

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What is Anhui Korrun Co Momentum Rank?

Anhui Korrun Co has the Momentum Rank of 3.

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 Anhui Korrun Co's Momentum Rank

For the Footwear & Accessories subindustry, Anhui Korrun 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.

Anhui Korrun Co's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Anhui Korrun Co's Momentum Rank falls into.

Anhui Korrun Co Momentum Rank Related Terms

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Anhui Korrun Co (SZSE:300577) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Anhui Korrun Co Ltd (SZSE:300577) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1555, Tongle East Road, Anhui Province, Nanxun District, Chenzhou, CHN, 239000

Website

http://www.korrun.com

Anhui Korrun Co Ltd is engaged in design, development and sales of luggage and lifestyle accessories. Its products include backpacks, briefcases, templates of smartphones and PADs, luggage, and outdoor and sports products.

Executives

Gao Xiao Min	Directors, executives
Fan Jin Song	Directors, executives
Zhong Zhi Guo	Directors, executives
Ding Li Jun	Executives
Cai Gang	Supervisors
Fan Li Juan	Supervisors

Anhui Korrun Co (SZSE:300577) Headlines

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