Hoshine Silicon Industry Co (SHSE:603260) Momentum Rank : 8 (As of May. 05, 2024)

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What is Hoshine Silicon Industry Co Momentum Rank?

Hoshine Silicon Industry 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 Hoshine Silicon Industry Co's Momentum Rank

For the Chemicals subindustry, Hoshine Silicon Industry 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.

Hoshine Silicon Industry Co's Momentum Rank Distribution in the Chemicals Industry

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

* The bar in red indicates where Hoshine Silicon Industry Co's Momentum Rank falls into.

Hoshine Silicon Industry Co Momentum Rank Related Terms

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Hoshine Silicon Industry Co (SHSE:603260) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hoshine Silicon Industry Co Ltd (SHSE:603260) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 530 Yashan West Road, Zhapu town, Zhejiang Province, Jiaxing, CHN, 315300

Website

https://www.hoshinesilicon.com

Hoshine Silicon Industry Co Ltd primarily produces and sells silicon metals and silicon-based products. Its products include silicon metal, neutral silicon sealant, fumed silica, acetic silicon sealant, and others. Geographically, the activities are carried out through the region of China.

Hoshine Silicon Industry Co (SHSE:603260) Headlines

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