Tong Ren Tang Technologies Co (HKSE:01666) Momentum Rank : 7 (As of May. 28, 2024)

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What is Tong Ren Tang Technologies Co Momentum Rank?

Tong Ren Tang Technologies Co has the Momentum Rank of 7.

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 Tong Ren Tang Technologies Co's Momentum Rank

For the Drug Manufacturers - General subindustry, Tong Ren Tang Technologies 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.

Tong Ren Tang Technologies Co's Momentum Rank Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Tong Ren Tang Technologies Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tong Ren Tang Technologies Co's Momentum Rank falls into.

Tong Ren Tang Technologies Co Momentum Rank Related Terms

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Tong Ren Tang Technologies Co (HKSE:01666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tong Ren Tang Technologies Co Ltd (HKSE:01666) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TGRNF:USA TNG:Germany

Address

No. 16 Tongji Beilu, Beijing Economic and Technological Development Zone, Beijing, CHN

Website

https://www.tongrentangkj.com

Tong Ren Tang Technologies Co Ltd is engaged in the production and distribution of Chinese medicine and primarily operates in Mainland China and Hong Kong. The operating segments derive their revenue primarily from the manufacture and sale of Chinese medicine of the company in Mainland China and Tong Ren Tang Chinese Medicine and its subsidiaries engaged in manufacturing, retail, and wholesale of Chinese medicine products and healthcare products, and provision of Chinese medical consultation and treatments outside Mainland China and wholesale of healthcare products in Mainland China.

Executives

Citigroup Inc.	2502 Approved lending agent
Hillhouse Capital Advisors, Ltd.	2102 Investment manager
Aberdeen Asset Management Plc And Its Associates	2102 Investment manager

Tong Ren Tang Technologies Co (HKSE:01666) Headlines

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