Wellhope Foods Co (SHSE:603609) Momentum Rank : 4 (As of May. 24, 2024)

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What is Wellhope Foods Co Momentum Rank?

Wellhope Foods Co has the Momentum Rank of 4.

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 Wellhope Foods Co's Momentum Rank

For the Farm Products subindustry, Wellhope Foods 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.

Wellhope Foods Co's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Wellhope Foods Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Wellhope Foods Co's Momentum Rank falls into.

Wellhope Foods Co Momentum Rank Related Terms

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Wellhope Foods Co (SHSE:603609) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wellhope Foods Co Ltd (SHSE:603609) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 169, Huishan Street, Shenbei New District, Liaoning Province, Shenyang, CHN, 110164

Website

http://www.wellhope-ag.com

Wellhope Foods Co Ltd is an animal husbandry company. The company's primary businesses include animal feed, feed raw materials trade, broiler integration, and swine trading. It is also involved in veterinary drugs, farming equipment manufacturing, pet clinic, etc. The company generates maximum revenue from feed products followed by broiler integration and raw materials trade. Its feed product line includes premix feed, concentrated feed, and compound feed.

Executives

Zhao Xin	Director
Wang Feng Jiu	senior management
Shao Cai Mei	Directors, senior managers
Wang Zhong Tao	Supervisors
Ding Yun Feng	Director
Jin Wei Dong	Director
Gao Quan Li	senior management
Sun Li Ge	senior management
Zhang Wen Liang	Director
Wang Xue Qiang	senior management
Wang Zhen Yong	senior management
Di Guo	senior management

Wellhope Foods Co (SHSE:603609) Headlines

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