CQ Pharmaceutical Holding Co (SZSE:000950) Momentum Rank : 5 (As of May. 11, 2024)

View and export this data going back to 1999. Start your Free Trial

What is CQ Pharmaceutical Holding Co Momentum Rank?

CQ Pharmaceutical Holding Co has the Momentum Rank of 5.

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 CQ Pharmaceutical Holding Co's Momentum Rank

For the Medical Distribution subindustry, CQ Pharmaceutical Holding 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.

CQ Pharmaceutical Holding Co's Momentum Rank Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, CQ Pharmaceutical Holding Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where CQ Pharmaceutical Holding Co's Momentum Rank falls into.

CQ Pharmaceutical Holding Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of CQ Pharmaceutical Holding Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

CQ Pharmaceutical Holding Co (SZSE:000950) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » CQ Pharmaceutical Holding Co Ltd (SZSE:000950) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 Jinshi Avenue, Yubei District, Chongqing, CHN, 400010

Website

http://www.cqphar.com

CQ Pharmaceutical Holding Co Ltd distributes pharmaceutical products. It is the fixed-point reserve unit for drug and medical equipment of the central and Chongqing industries. The pharmaceutical business sector covers hospitals, pharmaceuticals, healthcare products, hospital sales, commercial wholesale, retail chains, terminal distribution, warehousing logistics and supply chain value-added services. Geographically, the group operates through China.

CQ Pharmaceutical Holding Co (SZSE:000950) Headlines

No Headlines