Shandong Sito Bio-technology Co (SZSE:300583) Momentum Rank : 1 (As of Jun. 22, 2024)

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What is Shandong Sito Bio-technology Co Momentum Rank?

Shandong Sito Bio-technology 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 Shandong Sito Bio-technology Co's Momentum Rank

For the Biotechnology subindustry, Shandong Sito Bio-technology 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.

Shandong Sito Bio-technology Co's Momentum Rank Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Shandong Sito Bio-technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shandong Sito Bio-technology Co's Momentum Rank falls into.

Shandong Sito Bio-technology Co Momentum Rank Related Terms

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Shandong Sito Bio-technology Co (SZSE:300583) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Shandong Sito Bio-technology Co Ltd (SZSE:300583) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

South Section of East Outer Ring Road, Dingtao County, Shandong Province, Heze, CHN, 274000

Website

http://www.sitobiotech.com

Shandong Sito Bio-technology Co Ltd is a biotechnology company. It is specialized in the research and development and production of core derivatives and derivatives of new steroid hormone drugs. The company offers bio-steroidal drug raw materials such as androstenedione, nonhydroxyandrostenedione and androstenedione.

Executives

Mi Qi	Directors, executives
Wang Min	Director
Kong Qing Zhi	Executives
He Jian Yong	Directors, executives
Ceng Qing Li	Securities Affairs Representative

Shandong Sito Bio-technology Co (SZSE:300583) Headlines

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