Tangshan Sunfar Silicon Industries Co (SHSE:603938) Momentum Rank : 7 (As of Jun. 10, 2024)

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What is Tangshan Sunfar Silicon Industries Co Momentum Rank?

Tangshan Sunfar Silicon Industries Co has the Momentum Rank of 7.

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 Tangshan Sunfar Silicon Industries Co's Momentum Rank

For the Chemicals subindustry, Tangshan Sunfar Silicon Industries 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.

Tangshan Sunfar Silicon Industries Co's Momentum Rank Distribution in the Chemicals Industry

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

* The bar in red indicates where Tangshan Sunfar Silicon Industries Co's Momentum Rank falls into.

Tangshan Sunfar Silicon Industries Co Momentum Rank Related Terms

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Tangshan Sunfar Silicon Industries Co (SHSE:603938) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tangshan Sunfar Silicon Industries Co Ltd (SHSE:603938) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Tangshan New and Hi-Tech Developing Zone, Romm 0701 Building C, Oriental Plaza, Hebei Province, Tangshan City, CHN, 063305

Website

http://www.tssunfar.com

Tangshan Sunfar Silicon Industries Co Ltd produces and sells trichlorosilane, potassium hydroxide and silicon tetrachloride. The company's products are sold to Japan, South Korea, Taiwan, South Africa, India, Malaysia, Indonesia and Australia.

Executives

Sun Ren Jing	Director
Wan Bai Feng	Directors, senior managers
Zhou Lian Hui	senior management
Wang Hua Li	Supervisors
Chen Zhi Hong	senior management
Dong Li Qiang	Directors, senior managers
Wei Yue Gang	Supervisors
Zhang Wen Bo	Supervisors
Me Da Wei	Directors, senior managers

Tangshan Sunfar Silicon Industries Co (SHSE:603938) Headlines

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