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Henan Liliang Diamond Co (SZSE:301071) Momentum Rank : 0 (As of Jun. 19, 2024)


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What is Henan Liliang Diamond Co Momentum Rank?

Henan Liliang Diamond Co has the Momentum Rank of 0.

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.

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Henan Liliang Diamond Co (SZSE:301071) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Henan Liliang Diamond Co Ltd (SZSE:301071) » Definitions » Momentum Rank
Comparable Companies
SHSE:605599 SZSE:002345 SZSE:301177 SZSE:000026 SZSE:300945 SZSE:002173 SZSE:002574 SZSE:002721 SZSE:002731 SHSE:603900 XPAR:MC XPAR:RMS XPAR:CDI XSWX:CFR XPAR:KER NSE:TITAN HKSE:01913 HKSE:01929 XSWX:UHR OCSE:PNDORA
Traded in Other Exchanges
N/A
Address
Industrial Cluster Area, Zhecheng County, Henan Province, Shangqiu, CHN, 476200
Website
http://www.lldia.com
Henan Province Liliang Diamond Co Ltd is engaged in the research and development, production, sales, import and export of synthetic diamond and superhard material products.
Executives
Shao Zeng Ming Director

Henan Liliang Diamond Co (SZSE:301071) Headlines

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