Ningbo Bohui Chemical Technology Co (SZSE:300839) Momentum Rank : 5 (As of May. 19, 2024)

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What is Ningbo Bohui Chemical Technology Co Momentum Rank?

Ningbo Bohui Chemical Technology Co has the Momentum Rank of 5.

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 Ningbo Bohui Chemical Technology Co's Momentum Rank

For the Oil & Gas Refining & Marketing subindustry, Ningbo Bohui Chemical 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.

Ningbo Bohui Chemical Technology Co's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ningbo Bohui Chemical Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ningbo Bohui Chemical Technology Co's Momentum Rank falls into.

Ningbo Bohui Chemical Technology Co Momentum Rank Related Terms

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Ningbo Bohui Chemical Technology Co (SZSE:300839) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

No.199 Taixing Road, Petrochemical Economic and Technological Development Zone, Zhejiang Province, Ningbo, CHN, 315207

Website

http://www.bhpcc.com

Ningbo Bohui Chemical Technology Co Ltd is engaged in research, development, production and sales of heavy aromatic hydrocarbon series products and light fuel oil. The company uses extraction technology and uses fuel oil as a raw material for deep processing, extending the industrial chain, increasing the added value of fuel oil, and turning it into waste. It produces and sells aromatic hydrocarbon series products such as rubber additives, plastic additives, asphalt additives, lubricant additives, and light fuel oil. Its application scope of products mainly covers the fields of rubber processing, asphalt processing and lubricating oil processing.

Ningbo Bohui Chemical Technology Co (SZSE:300839) Headlines

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