Bluestar Adisseo Co (SHSE:600299) Momentum Rank : 6 (As of May. 15, 2024)

View and export this data going back to 2000. Start your Free Trial

What is Bluestar Adisseo Co Momentum Rank?

Bluestar Adisseo Co has the Momentum Rank of 6.

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 Bluestar Adisseo Co's Momentum Rank

For the Chemicals subindustry, Bluestar Adisseo 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.

Bluestar Adisseo Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Bluestar Adisseo Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bluestar Adisseo Co's Momentum Rank falls into.

Bluestar Adisseo Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Bluestar Adisseo Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Bluestar Adisseo Co (SHSE:600299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Bluestar Adisseo Co (SHSE:600299) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 9 Beitucheng West Road, Chaoyang District, Beijing, CHN, 100029

Website

http://www.bluestar-adisseo.com

Bluestar Adisseo Co is a China-based company engaged in the business of development, production, and sale of animal nutrition additives. Its products are Roddy US, Michael dimensional, ROVABIO, Hillier selenium, AdiSodium, and others. In addition, it also provides the customers with services such as Precision Nutrition Analysis service, Liquid Addition Solution, and E-lab service. The company's products are sold in China and other international countries.

Bluestar Adisseo Co (SHSE:600299) Headlines

No Headlines