Zhejiang Changsheng Sliding Bearings Co (SZSE:300718) Momentum Rank : 3 (As of Mar. 23, 2025)

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What is Zhejiang Changsheng Sliding Bearings Co Momentum Rank?

Zhejiang Changsheng Sliding Bearings Co has the Momentum Rank of 3.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Zhejiang Changsheng Sliding Bearings Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Zhejiang Changsheng Sliding Bearings 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.

Zhejiang Changsheng Sliding Bearings Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Changsheng Sliding Bearings Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhejiang Changsheng Sliding Bearings Co's Momentum Rank falls into.

Zhejiang Changsheng Sliding Bearings Co Momentum Rank Related Terms

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Zhejiang Changsheng Sliding Bearings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhejiang Changsheng Sliding Bearings Co Ltd (SZSE:300718) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.6, Xinda Road, Economic Development Zone, Jiashan, Zhejiang, CHN

Website

http://www.csb.com.cn

Zhejiang Changsheng Sliding Bearings Co Ltd is engaged in the research, development, production, and sale of self-lubricating bearings in China. The main products are bimetallic self-lubricating bearings, metal plastic self-lubricating bearings, metal-based self-lubricating bearings, and plastic self-lubricating bearings. Its products are mainly used in automobiles, engineering machinery, agriculture and other.

Executives

Sun Zhi Hua	Director
Chu Chen Jian	Directors, executives
Cao Yin Chao	Directors, executives
Wang Wei Jie	Supervisors
Lu Zhong Quan	Executives
Dai Hai Lin	Executives
Zhu Yao Guang	Supervisors

Zhejiang Changsheng Sliding Bearings Co Headlines

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