Jiangsu Yanghe Brewery JSC (SZSE:002304) Momentum Rank : 4 (As of May. 03, 2024)

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What is Jiangsu Yanghe Brewery JSC Momentum Rank?

Jiangsu Yanghe Brewery JSC 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 Jiangsu Yanghe Brewery JSC's Momentum Rank

For the Beverages - Wineries & Distilleries subindustry, Jiangsu Yanghe Brewery JSC'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.

Jiangsu Yanghe Brewery JSC's Momentum Rank Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Jiangsu Yanghe Brewery JSC's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Jiangsu Yanghe Brewery JSC's Momentum Rank falls into.

Jiangsu Yanghe Brewery JSC Momentum Rank Related Terms

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Jiangsu Yanghe Brewery JSC (SZSE:002304) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Jiangsu Yanghe Brewery JSC Ltd (SZSE:002304) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 118 Middle Avenue, Yanghe Town, Jiangsu Province, Suqian, CHN, 223800

Website

https://www.chinayanghe.com

Jiangsu Yanghe Brewery, founded in 2002, manufactures and markets baijiu (a distilled Chinese liquor) under the Yanghe, Shuanggou, and Sujiu brands. Yanghe's key products include the Blue Classic series, which accounted for about 80% of total sales, such as premium Dream Blue, mid- to high-end Sky Blue, and mass-market Ocean Blue. The company achieved revenue of CNY 30 billion in 2022, with half of sales from the non-Jiangsu market, leveraging its more than 8,000 distributors across China.

Jiangsu Yanghe Brewery JSC (SZSE:002304) Headlines

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