Nine Dragons Paper (Holdings) (HKSE:02689) Momentum Rank : 7 (As of May. 11, 2024)

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What is Nine Dragons Paper (Holdings) Momentum Rank?

Nine Dragons Paper (Holdings) has the Momentum Rank of 7.

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 Nine Dragons Paper (Holdings)'s Momentum Rank

For the Paper & Paper Products subindustry, Nine Dragons Paper (Holdings)'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.

Nine Dragons Paper (Holdings)'s Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nine Dragons Paper (Holdings)'s Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nine Dragons Paper (Holdings)'s Momentum Rank falls into.

Nine Dragons Paper (Holdings) Momentum Rank Related Terms

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Nine Dragons Paper (Holdings) (HKSE:02689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Nine Dragons Paper (Holdings) Ltd (HKSE:02689) » Definitions » Momentum Rank

Traded in Other Exchanges

NDGPY:USA NDGPF:USA N3Y:Germany

Address

No.12, Xincheng Road, Songshan Lake High-Tech Industrial Development Zone, Guangdong Province, Dongguan, CHN

Website

http://www.ndpaper.com

Nine Dragons Paper (Holdings) Ltd operates as a paper products manufacturer. The company predominantly produces liner board, corrugating medium, and coated duplex boards. In addition to packaging paperboard, the Group is also engaged in the production of printing and writing a paper in Dongguan and Taicang and the development of packaging paperboard and specialty paper production in Leshan, Sichuan Province. Substantial part of the company's revenues are generated from the sale of packaging paper and the rest from sales of printing and writing paper, high-value specialty paper products, and Pulp.

Nine Dragons Paper (Holdings) (HKSE:02689) Headlines

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