Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Momentum Rank : 9 (As of May. 16, 2024)

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What is Shandong Hualu-hengsheng Chemical Co Momentum Rank?

Shandong Hualu-hengsheng Chemical Co has the Momentum Rank of 9.

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 Shandong Hualu-hengsheng Chemical Co's Momentum Rank

For the Chemicals subindustry, Shandong Hualu-hengsheng Chemical 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.

Shandong Hualu-hengsheng Chemical Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shandong Hualu-hengsheng Chemical Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shandong Hualu-hengsheng Chemical Co's Momentum Rank falls into.

Shandong Hualu-hengsheng Chemical Co Momentum Rank Related Terms

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Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shandong Hualu-hengsheng Chemical Co Ltd (SHSE:600426) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Number 24 Tianqu West Road, Decheng District, Shandong, Dezhou, CHN, 253024

Website

http://www.hl-hengsheng.com

Shandong Hualu-hengsheng Chemical Co Ltd manufactures and sells chemical materials and chemical fertilizers worldwide. The company offers chemical fertilizers, such as compound fertilizers, urea, ammonium bicarbonate, ammonium sulfate, and liquid fertilizers; DMF and organic amine products, including DMF, monomethylamine, dimethylamine, and trimethylamine; and acetic acid and acetic anhydride. It also provides new chemical materials comprising ethylene glycol, adipic acid, cyclohexanone, butyl alcohol, butanal, octyl alcohol, and melamine; basic chemicals that include nitric acid, methanol, liquid ammonia, and sulfur; and industrial gases, such as liquid oxygen, nitrogen, and argon.

Shandong Hualu-hengsheng Chemical Co (SHSE:600426) Headlines

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