Anshan Hifichem Co (SZSE:300758) Momentum Rank : 6 (As of Jun. 21, 2024)

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What is Anshan Hifichem Co Momentum Rank?

Anshan Hifichem Co has the Momentum Rank of 6.

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 Anshan Hifichem Co's Momentum Rank

For the Specialty Chemicals subindustry, Anshan Hifichem 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.

Anshan Hifichem Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Anshan Hifichem Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Anshan Hifichem Co's Momentum Rank falls into.

Anshan Hifichem Co Momentum Rank Related Terms

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Anshan Hifichem Co (SZSE:300758) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Anshan Hifichem Co Ltd (SZSE:300758) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, 1st Bao An Road, Tengjiao Economic Development Zone, Liaoning Province, Anshan, CHN, 114225

Website

http://www.hifichem.com

Anshan Hifichem Co Ltd is engaged in manufacturing, and sales of high performance organic pigments, dyestuff and intermediates. The company offer its products to ink, coating, and plastic industries.

Executives

Yu Xing Chun	Directors, executives
Zhang Zhi Qun	Director
Wang Su Kun	Supervisors
Liu Zhi Dong	Supervisors
Li Dong Bo	Supervisors
Sun Liang	Securities Affairs Representative
Qiao Zhi	Executives

Anshan Hifichem Co (SZSE:300758) Headlines

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