Suzhou Kelida Building & Decoration Co (SHSE:603828) Momentum Rank : 2 (As of May. 16, 2024)

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What is Suzhou Kelida Building & Decoration Co Momentum Rank?

Suzhou Kelida Building & Decoration Co has the Momentum Rank of 2.

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 Suzhou Kelida Building & Decoration Co's Momentum Rank

For the Engineering & Construction subindustry, Suzhou Kelida Building & Decoration 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.

Suzhou Kelida Building & Decoration Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Suzhou Kelida Building & Decoration Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Suzhou Kelida Building & Decoration Co's Momentum Rank falls into.

Suzhou Kelida Building & Decoration Co Momentum Rank Related Terms

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Suzhou Kelida Building & Decoration Co (SHSE:603828) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Suzhou Kelida Building & Decoration Co Ltd (SHSE:603828) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

99 Canal Road, High-tech Zone, Suzhou, CHN, 215011

Website

http://www.kldzs.com

Suzhou Kelida Building & Decoration Co Ltd is a China-based company which is an architectural decoration company. It is engaged in the design and construction of building walls and public building decoration works. The Company provides decoration work for airports, performing arts centers, and conference & sports centers.

Suzhou Kelida Building & Decoration Co (SHSE:603828) Headlines

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