Shenzhen Zhongzhuang Construction Group Co (SZSE:002822) Momentum Rank : 1 (As of Apr. 27, 2024)

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What is Shenzhen Zhongzhuang Construction Group Co Momentum Rank?

Shenzhen Zhongzhuang Construction Group Co has the Momentum Rank of 1.

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 Shenzhen Zhongzhuang Construction Group Co's Momentum Rank

For the Engineering & Construction subindustry, Shenzhen Zhongzhuang Construction Group 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.

Shenzhen Zhongzhuang Construction Group Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shenzhen Zhongzhuang Construction Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shenzhen Zhongzhuang Construction Group Co's Momentum Rank falls into.

Shenzhen Zhongzhuang Construction Group Co Momentum Rank Related Terms

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Shenzhen Zhongzhuang Construction Group Co (SZSE:002822) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen Zhongzhuang Construction Group Co Ltd (SZSE:002822) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.4002 Shennan East Road, 4th and 5th Floor Honglong Century Plaza, Luohu District, Shenzhen, CHN, 518000

Website

http://www.zhongzhuang.com

Shenzhen Zhongzhuang Construction Group Co Ltd is a China-based company engaged in the business of designing, constructing and decorating buildings. The firm operates through following business divisions; decoration and design division. Through its business division, Shenzhen Zhongzhuang provides indoor and outdoor design of building, building decoration services, decoration of public places and residential. The company mainly operates its business in the Chinese market.

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