ZheJiang Jasan Holding Group Co (SHSE:603558) Momentum Rank : 3 (As of May. 29, 2024)

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What is ZheJiang Jasan Holding Group Co Momentum Rank?

ZheJiang Jasan Holding Group Co has the Momentum Rank of 3.

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 ZheJiang Jasan Holding Group Co's Momentum Rank

For the Apparel Manufacturing subindustry, ZheJiang Jasan Holding 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.

ZheJiang Jasan Holding Group Co's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where ZheJiang Jasan Holding Group Co's Momentum Rank falls into.

ZheJiang Jasan Holding Group Co Momentum Rank Related Terms

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ZheJiang Jasan Holding Group Co (SHSE:603558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » ZheJiang Jasan Holding Group Co Ltd (SHSE:603558) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.111, JinYi Road, Xiaoshan Economic and Technological Development Zone, Hangzhou, CHN, 311215

Website

http://www.jasangroup.com

ZheJiang Jasan Holding Group Co Ltd is engaged in research, development, designing manufacturing and servicing of knitwear. It offers its products under various brands such as ADIDAS, PUMA, NEW BALANCE, FILA, TOMMY HILFIGER and others.

Executives

Zhang Mao Yi	Directors, senior managers
Xu Jun Chen	senior management
Hu Tian Xing	Director
Li Wei Ping	Director
Jiang Feng	Director
Zhou Shui Ying	Director

ZheJiang Jasan Holding Group Co (SHSE:603558) Headlines

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