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Fortune Ng Fung Food (hebei) Co (SHSE:600965) Momentum Rank : 1 (As of Jun. 05, 2024)


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What is Fortune Ng Fung Food (hebei) Co Momentum Rank?

Fortune Ng Fung Food (hebei) Co has the Momentum Rank of 1.

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 Fortune Ng Fung Food (hebei) Co's Momentum Rank

For the Packaged Foods subindustry, Fortune Ng Fung Food (hebei) 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.

Fortune Ng Fung Food (hebei) Co's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Fortune Ng Fung Food (hebei) Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Fortune Ng Fung Food (hebei) Co's Momentum Rank falls into.


Fortune Ng Fung Food (hebei) Co Momentum Rank Related Terms

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Fortune Ng Fung Food (hebei) Co (SHSE:600965) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fortune Ng Fung Food (hebei) Co Ltd (SHSE:600965) » Definitions » Momentum Rank
Comparable Companies
SZSE:001215 SZSE:002548 SZSE:300094 SHSE:603231 SZSE:300673 SHSE:605089 SZSE:002956 SZSE:000639 SZSE:000716 SHSE:605338 XSWX:NESN KHC XPAR:BN GIS NSE:NESTLEIND SHSE:603288 LSE:ABF SHSE:600887 SZSE:300999 K
Traded in Other Exchanges
N/A
Address
Yanjiao Economic and Technology Development Zone, Hebei Province, Sanhe, CHN, 065201
Website
http://www.fucheng.net
Fortune Ng Fung Food (hebei) Co Ltd is engaged in the cattle breeding and dairy farming businesses in China. It is primarily involved in beef cattle breeding, dairy farming, beef cattle slaughter and processing, milk production, food chain, feed production and organic fertilizer production. The company's main products are live cattle, beef, lamb, meat products, dairy cows, dairy products, fast food, hot pot chain and so on. Geographically the business activities are carried out through China.
Executives
Wu Jian Supervisors

Fortune Ng Fung Food (hebei) Co (SHSE:600965) Headlines

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