Shanghai Qifan Cable Co (SHSE:605222) Momentum Rank : 4 (As of May. 29, 2024)

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What is Shanghai Qifan Cable Co Momentum Rank?

Shanghai Qifan Cable 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 Shanghai Qifan Cable Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, Shanghai Qifan Cable 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.

Shanghai Qifan Cable Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Qifan Cable Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shanghai Qifan Cable Co's Momentum Rank falls into.

Shanghai Qifan Cable Co Momentum Rank Related Terms

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Shanghai Qifan Cable Co (SHSE:605222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Qifan Cable Co Ltd (SHSE:605222) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 238 Zhenkang Road, Zhangyan Town, Jinshan District, Shanghai, CHN, 201514

Website

http://www.qifancable.com

Shanghai Qifan Cable Co Ltd is engaged in wire and cable production, sales and service. The company's products cover low voltage power cable, medium voltage power cable, extra high voltage power cable, control cable, instrumentation cable, building wire, flexible rubber cable, fire rated cable, renewable cable, industrial cable, Lan cable, coaxial cable. Its products are categorized into Building Wire, Building Wire, Power Distribution, Fire Resistant Cable, Renewable Energy, Mining, Oil and Gas, and Data Communication.

Executives

Zhou Gui Xing	Director
Zhou Kai Min	Supervisors
Chen Zhi Yuan	senior management
Li Su Guo	senior management
Han Bao Zhong	Director
Chen Yong Da	Directors, senior managers
Guan Zi Fang	Directors, senior managers
Zhang Shang Yi	senior management
Zhou Xian Lai	senior management

Shanghai Qifan Cable Co (SHSE:605222) Headlines

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