Leshan Giantstar Farming & Husbandry (SHSE:603477) Momentum Rank : 6 (As of Apr. 30, 2024)

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What is Leshan Giantstar Farming & Husbandry Momentum Rank?

Leshan Giantstar Farming & Husbandry has the Momentum Rank of 6.

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 Leshan Giantstar Farming & Husbandry's Momentum Rank

For the Footwear & Accessories subindustry, Leshan Giantstar Farming & Husbandry'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.

Leshan Giantstar Farming & Husbandry's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Leshan Giantstar Farming & Husbandry's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Leshan Giantstar Farming & Husbandry's Momentum Rank falls into.

Leshan Giantstar Farming & Husbandry Momentum Rank Related Terms

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Leshan Giantstar Farming & Husbandry (SHSE:603477) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Leshan Giantstar Farming & Husbandry Corp Ltd (SHSE:603477) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinhua Village, Zhugen Town, Wutongqiao District, Sichuan Province, Leshan, CHN, 614800

Website

http://www.zhenjinggufen.com

Leshan Giantstar Farming & Husbandry Corp Ltd, formerly Sichuan Zhenjing Corp Ltd manufactures and distributes leather products. The company produces and sells leather cases, leather car seats, decoration leather, and other products.

Leshan Giantstar Farming & Husbandry (SHSE:603477) Headlines

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