Jiangsu Hengli Hydraulic Co (SHSE:601100) Momentum Rank : 7 (As of Apr. 24, 2024)

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Jiangsu Hengli Hydraulic Co Momentum Rank Definition

Jiangsu Hengli Hydraulic Co 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

For the Specialty Industrial Machinery subindustry, Jiangsu Hengli Hydraulic 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.

Jiangsu Hengli Hydraulic Co Momentum Rank Distribution

For the Industrial Products industry and Industrials sector, Jiangsu Hengli Hydraulic Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Jiangsu Hengli Hydraulic Co's Momentum Rank falls into.

Jiangsu Hengli Hydraulic Co Momentum Rank Related Terms

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Jiangsu Hengli Hydraulic Co (SHSE:601100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jiangsu Hengli Hydraulic Co Ltd (SHSE:601100) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.99 Longqian Road, Wujin District, Changzhou, CHN, 213167

Website

http://www.henglihydraulic.com

Hengli Hydraulic is a leading Chinese hydraulic component company. It designs, manufactures, and sells hydraulic cylinder, pump, valve, and motor products. Hengli's products are widely used in heavy machinery. It is the largest supplier of excavator hydraulic cylinders in the world with about 30% market share globally.

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