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Hangzhou Zhengqiang (SZSE:301119) Momentum Rank : 0 (As of May. 20, 2024)


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What is Hangzhou Zhengqiang Momentum Rank?

Hangzhou Zhengqiang 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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Hangzhou Zhengqiang (SZSE:301119) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hangzhou Zhengqiang Corp Ltd (SZSE:301119) » Definitions » Momentum Rank
Comparable Companies
SHSE:603586 SZSE:301229 SHSE:603331 SHSE:603023 SHSE:605151 SZSE:300176 SZSE:002725 SZSE:300473 SHSE:603037 SHSE:603677 TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG XTER:CON SHSE:600660
Traded in Other Exchanges
N/A
Address
Zhangpanqiao Village, Shushan Street, Zhejiang Province, Xiaoshan, CHN, 311201
Website
http://www.zhengqiang.com
Hangzhou Zhengqiang Corp Ltd is engaged in the research and development, production and sales of automobile cross shaft universal joint assembly, joint fork and related parts.

Hangzhou Zhengqiang (SZSE:301119) Headlines

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