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Jizhilong Holding Group (Jizhilong Holding Group) Momentum Rank : 0 (As of Apr. 29, 2024)


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What is Jizhilong Holding Group Momentum Rank?

Jizhilong Holding Group 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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Jizhilong Holding Group (Jizhilong Holding Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jizhilong Holding Group Ltd (NAS:JZL) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
22 Market Square, Floor 1, Office 25, London, GBR, E14 6BU
Website
Jizhilong Holding Group Ltd is a full-chain agricultural products company focusing on the development of borneol (natural borneol). Its corporate mission is to develop the borneol industry and build the borneol brand. Borneol is a kind of precious Chinese herbal medicine, with a variety of medicinal values and health care effects. The company is committed to maximizing the medicinal value of the borneol through scientific research and technological innovation, and to contribute to people's health and happiness.

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