Bright Dairy & Food Co (SHSE:600597) Momentum Rank : 8 (As of Jun. 03, 2024)

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What is Bright Dairy & Food Co Momentum Rank?

Bright Dairy & Food Co has the Momentum Rank of 8.

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 Bright Dairy & Food Co's Momentum Rank

For the Packaged Foods subindustry, Bright Dairy & Food 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.

Bright Dairy & Food Co's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Bright Dairy & Food Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bright Dairy & Food Co's Momentum Rank falls into.

Bright Dairy & Food Co Momentum Rank Related Terms

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Bright Dairy & Food Co (SHSE:600597) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bright Dairy & Food Co Ltd (SHSE:600597) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 578 Wuzhong Road, Shanghai, Shanghai, CHN, 201103

Website

http://www.brightdairy.com

Bright Dairy & Food Co Ltd engages in the development, production, and sale of animal husbandry and dairy products in China. It offers fresh milk, fresh yogurt, lactic acid bacteria drinks, room temperature milk, room temperature yogurt, cheese, butter, and other products, as well as pregnant women, adult, and baby milk powder. It also provides sour milk, flavored milk, and children's products, as well as cream, infant formula milk powder, and flavored fermented milk.

Executives

Guo Ben Heng	senior management
Zhang Guo Zheng	senior management
Wang Jia Fen	Director
Zhang Hua Fu	senior management
Lv Gong Liang	Director
Zhu Jian Yi	senior management

Bright Dairy & Food Co (SHSE:600597) Headlines

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