Jinhong Fashion Group Co (SHSE:603518) Momentum Rank : 9 (As of May. 31, 2024)

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What is Jinhong Fashion Group Co Momentum Rank?

Jinhong Fashion Group 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 Jinhong Fashion Group Co's Momentum Rank

For the Apparel Manufacturing subindustry, Jinhong Fashion Group 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.

Jinhong Fashion Group Co's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Jinhong Fashion Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Jinhong Fashion Group Co's Momentum Rank falls into.

Jinhong Fashion Group Co Momentum Rank Related Terms

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Jinhong Fashion Group Co (SHSE:603518) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jinhong Fashion Group Co Ltd (SHSE:603518) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 3051 Hechuan Road, Rhein Town Center Building A, Minhang District, Shanghai, CHN, 201103

Website

http://www.v-grass.com

Jinhong Fashion Group Co Ltd, formerly V-GRASS Fashion Co Ltd is engaged in the manufacture and sale of women's apparel products.

Executives

Wang Zhi Qin	Directors, senior managers
Zhang Yu Ying	Supervisors
Cao Yi Tang	Director
Bian Chun Ning	Supervisors
Wang Bao Lin	Director
Zhou Jing Ping	senior management

Jinhong Fashion Group Co (SHSE:603518) Headlines

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