Changzhou Shenli Electrical Machine Co (SHSE:603819) Momentum Rank : 10 (As of May. 02, 2024)

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What is Changzhou Shenli Electrical Machine Co Momentum Rank?

Changzhou Shenli Electrical Machine 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.

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Competitive Comparison of Changzhou Shenli Electrical Machine Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Changzhou Shenli Electrical Machine 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.

Changzhou Shenli Electrical Machine Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Changzhou Shenli Electrical Machine Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Changzhou Shenli Electrical Machine Co's Momentum Rank falls into.

Changzhou Shenli Electrical Machine Co Momentum Rank Related Terms

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Changzhou Shenli Electrical Machine Co (SHSE:603819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changzhou Shenli Electrical Machine Inc Co (SHSE:603819) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Dong Cheng Lu, Qishuyan Qu, Jiangsu Sheng, Changzhou, CHN, 213013

Website

http://www.czshenli.com

Changzhou Shenli Electrical Machine Inc Co is engaged in manufacturing of stator, rotor laminations and cores for motors. The company produces its products for application in diesel generators, wind power generators, medium-voltage and high-voltage motor, railway motors, elevator motors and AC motors. Its products are supplied across Chinese and international markets. It generates revenues through the sale of laminations and core of motors.

Changzhou Shenli Electrical Machine Co (SHSE:603819) Headlines

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