Ningbo Lehui International Engineering Equipment Co (SHSE:603076) Momentum Rank : 10 (As of May. 25, 2024)

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What is Ningbo Lehui International Engineering Equipment Co Momentum Rank?

Ningbo Lehui International Engineering Equipment 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Ningbo Lehui International Engineering Equipment Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Ningbo Lehui International Engineering Equipment 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.

Ningbo Lehui International Engineering Equipment Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ningbo Lehui International Engineering Equipment Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ningbo Lehui International Engineering Equipment Co's Momentum Rank falls into.

Ningbo Lehui International Engineering Equipment Co Momentum Rank Related Terms

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Ningbo Lehui International Engineering Equipment Co (SHSE:603076) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ningbo Lehui International Engineering Equipment Co Ltd (SHSE:603076) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Western Zhouxiang Electrical and Mechanical Industrial Park, Xiangxi County, Zhejiang Province, Ningbo, CHN, 315722

Website

http://www.lehui.com

Ningbo Lehui International Engineering Equipment Co Ltd operates as a brewery equipment manufacturing company. Its products consist of scale brewery equipment such as brew-house, cellar and filtration, craft brewery equipment, beverage and liquid food technology, bio, and food equipment, retort and automation technology comprising of renovating and reconstructing and process control system and others. The company's products have applications in beer, beverages, food, biology, medicine and other departments. It distributes its products within domestic as well as in international market.

Executives

Huang Yue Ning	Directors, senior managers
Liu Fei	Director
Lai Yun Lai	Director
Chen Xiao Ping	Director
Wan Cai Fei	senior management
Shen Lin	Director
Dong Xiang Yang	senior management
Wu Zai Hong	senior management
Yu Hua He	senior management
Song Xi Hui	Director

Ningbo Lehui International Engineering Equipment Co (SHSE:603076) Headlines

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