Zhejiang Guyuelongshan Shaoxing Wine Co (SHSE:600059) Momentum Rank : 10 (As of May. 13, 2024)

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What is Zhejiang Guyuelongshan Shaoxing Wine Co Momentum Rank?

Zhejiang Guyuelongshan Shaoxing Wine Co has the Momentum Rank of 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Zhejiang Guyuelongshan Shaoxing Wine Co's Momentum Rank

For the Beverages - Wineries & Distilleries subindustry, Zhejiang Guyuelongshan Shaoxing Wine 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.

Zhejiang Guyuelongshan Shaoxing Wine Co's Momentum Rank Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Zhejiang Guyuelongshan Shaoxing Wine Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhejiang Guyuelongshan Shaoxing Wine Co's Momentum Rank falls into.

Zhejiang Guyuelongshan Shaoxing Wine Co Momentum Rank Related Terms

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Zhejiang Guyuelongshan Shaoxing Wine Co (SHSE:600059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Zhejiang Guyuelongshan Shaoxing Wine Co Ltd (SHSE:600059) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Beihai Bridge, Shaoxing, Zhejiang, CHN, 312000

Website

http://www.shaoxingwine.com.cn

Zhejiang Guyuelongshan Shaoxing Wine Co Ltd is a China-based company engaged in the production and distribution of Chinese rice wine. Its main products consist of raw Chinese rice wine, bottled Chinese rice wine and a relatively small amount of fruit wine and distilled spirit. The company owns a range of brands including Gu Yue Long Shan, Nv Er Hong, Champion Red, Shen Yonghe as well as Jian Hu, among others.

Zhejiang Guyuelongshan Shaoxing Wine Co (SHSE:600059) Headlines

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