Zhejiang Wazam New Materials Co (SHSE:603186) Momentum Rank : 2 (As of May. 30, 2024)

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What is Zhejiang Wazam New Materials Co Momentum Rank?

Zhejiang Wazam New Materials Co has the Momentum Rank of 2.

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.

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Competitive Comparison of Zhejiang Wazam New Materials Co's Momentum Rank

For the Electronic Components subindustry, Zhejiang Wazam New Materials 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.

Zhejiang Wazam New Materials Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Zhejiang Wazam New Materials Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhejiang Wazam New Materials Co's Momentum Rank falls into.

Zhejiang Wazam New Materials Co Momentum Rank Related Terms

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Zhejiang Wazam New Materials Co (SHSE:603186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhejiang Wazam New Materials Co Ltd (SHSE:603186) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Huayi Road, Yuhang Street, Wazam Sci-Tech Park, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311121

Website

http://www.hzccl.com

Zhejiang Wazam New Materials Co, formerly Zhejiang Huazheng New Material Co Ltd is a China based company manufactures components for computer, medical equipment, communication equipment, automotive electronic, rail transit, new energy and other different uses. The company distributes its products in both Chinese and other international markets.

Executives

Liu Tao	Director
Guo Jiang Cheng	Director
Wu Li Fen	senior management
Zhou Jian Ming	senior management
Shen Zong Hua	senior management
Tang Xin Qiang	Supervisors
Yu Gao	senior management

Zhejiang Wazam New Materials Co (SHSE:603186) Headlines

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