Southwest Securities Co (SHSE:600369) Momentum Rank : 9 (As of May. 24, 2024)

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What is Southwest Securities Co Momentum Rank?

Southwest Securities Co has the Momentum Rank of 9.

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 Southwest Securities Co's Momentum Rank

For the Capital Markets subindustry, Southwest Securities 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.

Southwest Securities Co's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Southwest Securities Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Southwest Securities Co's Momentum Rank falls into.

Southwest Securities Co Momentum Rank Related Terms

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Southwest Securities Co (SHSE:600369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Southwest Securities Co Ltd (SHSE:600369) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.8 Qiaobeiyuan, Southwest Securities Building, Jiangbei District, Chongqing, CHN, 400023

Website

http://www.swsc.com.cn

Southwest Securities Co Ltd is a national securities company. Its business includes securities brokerage, securities underwriting and sponsorship, financial consulting, asset management and margin financing. Through asset management, the company provides customers with its special and professional asset management services.

Southwest Securities Co (SHSE:600369) Headlines

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