Zoje Resources Investment Co (SZSE:002021) Momentum Rank : 3 (As of May. 28, 2024)

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What is Zoje Resources Investment Co Momentum Rank?

Zoje Resources Investment Co has the Momentum Rank of 3.

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 Zoje Resources Investment Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Zoje Resources Investment 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.

Zoje Resources Investment Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zoje Resources Investment Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zoje Resources Investment Co's Momentum Rank falls into.

Zoje Resources Investment Co Momentum Rank Related Terms

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Zoje Resources Investment Co (SZSE:002021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Zoje Resources Investment Co Ltd (SZSE:002021) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 198, Xinggang East Road, Damaiyu Street, Zhejiang Province, Yuhuan, CHN, 317604

Website

http://www.zoje.com

Zoje Resources Investment Co Ltd is a China-based machine industry company. It is engaged in the manufacturing and distribution of sewing machines, accessories, sewing machine castings and components of engineering machines. The company sells its products in the china and overseas markets.

Executives

Lai Xiao Hong	Executives
Ye Li Fen	Executives
Ma Jian Cheng	Director
Wang Duan	Directors, executives
Zheng Xue Guo	Directors, executives
Ding Guang Ping	Director
Tang Wei Bin	Executives
Liu Chang Gui	Directors, executives
Li Rui Yuan	Directors, executives
Jin Qi Zhu	Supervisors
Wang Ming Jian	Director
Xu Ren Shun	Directors, executives
Dan Sheng Yuan	Director
Zhang Zhi You	Directors, executives

Zoje Resources Investment Co (SZSE:002021) Headlines

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