North Huajin Chemical Industries Co (SZSE:000059) Momentum Rank : 8 (As of Jun. 03, 2024)

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What is North Huajin Chemical Industries Co Momentum Rank?

North Huajin Chemical Industries Co has the Momentum Rank of 8.

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 North Huajin Chemical Industries Co's Momentum Rank

For the Chemicals subindustry, North Huajin Chemical 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.

North Huajin Chemical Industries Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, North Huajin Chemical Industries Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where North Huajin Chemical Industries Co's Momentum Rank falls into.

North Huajin Chemical Industries Co Momentum Rank Related Terms

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North Huajin Chemical Industries Co (SZSE:000059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » North Huajin Chemical Industries Co Ltd (SZSE:000059) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Hongqi Street, Shuangtaizi District, Liaoning, Panjin, CHN, 124021

Website

http://www.huajinchem.com

North Huajin Chemical Industries Co Ltd is a China-based company engages in the manufacture and sale of petrochemical products and chemical fertilizers. Its products include synthetic resins; organic chemical raw materials; refined oils; and plastic products. Its other products include crude oil, diesel oil, polyolefin products and aromatic products. The company distributes its products mainly in the domestic market.

Executives

Dong Cheng Gong	Director
Jin Xiao Chen	Executives
Liu Yong Ze	Director

North Huajin Chemical Industries Co (SZSE:000059) Headlines

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