Zhangjiagang Zhonghuan Hailu High-end Equipment Co (SZSE:301040) Momentum Rank : 5 (As of Mar. 22, 2025)

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What is Zhangjiagang Zhonghuan Hailu High-end Equipment Co Momentum Rank?

Zhangjiagang Zhonghuan Hailu High-end Equipment Co has the Momentum Rank of 5.

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 Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Momentum Rank

For the Metal Fabrication subindustry, Zhangjiagang Zhonghuan Hailu High-end Equipment 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.

Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhangjiagang Zhonghuan Hailu High-end Equipment Co's Momentum Rank falls into.

Zhangjiagang Zhonghuan Hailu High-end Equipment Co Momentum Rank Related Terms

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Zhangjiagang Zhonghuan Hailu High-end Equipment Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zhangjiagang Zhonghuan Hailu High-end Equipment Co Ltd (SZSE:301040) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Hexing Huashan Road, Jinfeng Town, Jiangsu Province, Zhangjiagang, CHN, 215626

Website

http://www.hlduanjian.com

Zhangjiagang Zhonghuan Hailu High-end Equipment Co Ltd is engaged in the research and development, production and sales of industrial metal forgings. The company's main products include bearing forgings, flange forgings, ring gear forgings and other industrial metal forgings.

Executives

Dai Yu Tong	Directors, executives
Song Ya Dong	Directors, executives
Zhang Li Ping	Supervisors
Zhu Qian Hao	Directors, executives

Zhangjiagang Zhonghuan Hailu High-end Equipment Co Headlines

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