JiangSu JiuWu Hi-Tech Co (SZSE:300631) Momentum Rank : 4 (As of May. 25, 2024)

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What is JiangSu JiuWu Hi-Tech Co Momentum Rank?

JiangSu JiuWu Hi-Tech Co has the Momentum Rank of 4.

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 JiuWu Hi-Tech Co's Momentum Rank

For the Metal Fabrication subindustry, JiangSu JiuWu Hi-Tech 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 JiuWu Hi-Tech Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, JiangSu JiuWu Hi-Tech Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where JiangSu JiuWu Hi-Tech Co's Momentum Rank falls into.

JiangSu JiuWu Hi-Tech Co Momentum Rank Related Terms

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JiangSu JiuWu Hi-Tech Co (SZSE:300631) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JiangSu JiuWu Hi-Tech Co Ltd (SZSE:300631) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Huqiao East Road, Jiangpu Sub District, Pukou District, Nanjing City, CHN, 211808

Website

http://www.jiuwu.com

JiangSu JiuWu Hi-Tech Co Ltd is engaged in the research and development and application of membrane separation technology. Its products include organic membranes, ceramic and organic membrane modules, membrane pilot machines, and skid-mounted devices. The company's products and technologies have been widely used in chlor-alkali chemical brine refining, petrochemical membrane catalytic reaction, coal chemical oil and water separation, purification of fine chemical products, antibiotics, and other biological products.

Executives

Jin Xin Lei	Executives
Pan Suo Liang	Executives
Cheng Heng	Directors, Directors, and Executives
Wei Xu	Executives
Wang Xiao Hu	Executives
Yang Ji Heng	Executives
Liu Fei	Director
Fang Qiu	Executives
Sun Jian	Director
Dang Jian Bing	Director

JiangSu JiuWu Hi-Tech Co (SZSE:300631) Headlines

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