Jiangsu Toland Alloy Co (SZSE:300855) Momentum Rank : 2 (As of Jun. 21, 2024)

View and export this data going back to 2020. Start your Free Trial

What is Jiangsu Toland Alloy Co Momentum Rank?

Jiangsu Toland Alloy Co has the Momentum Rank of 2.

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 Toland Alloy Co's Momentum Rank

For the Steel subindustry, Jiangsu Toland Alloy 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 Toland Alloy Co's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Jiangsu Toland Alloy Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Jiangsu Toland Alloy Co's Momentum Rank falls into.

Jiangsu Toland Alloy Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Jiangsu Toland Alloy Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Toland Alloy Co (SZSE:300855) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jiangsu Toland Alloy Co Ltd (SZSE:300855) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.1 Junmin West Road, Yuncheng Canal, Lucheng Town, Jiangsu Province, Danyang, CHN, 212352

Website

http://www.toland-alloy.com

Jiangsu Toland Alloy Co Ltd is engaged in the production and sales of high-performance alloys, precision alloys, special stainless steel and other high-performance alloy materials and their products. The company manufactures, smelts, processes, and sells high-temperature alloys, precision alloys, nickel-chromium materials, high-resistance electrothermal alloys, high-speed tool steels, stainless steels, heat-resistant steels and their products.

Executives

Zhang Tao	Supervisors
Wan Jie	Directors, Directors, and Executives
Yuan Suo Jun	Directors, executives

Jiangsu Toland Alloy Co (SZSE:300855) Headlines

No Headlines