Zhejiang Xianju Pharmaceutical Co (SZSE:002332) Momentum Rank : 8 (As of Jun. 06, 2024)

View and export this data going back to 2010. Start your Free Trial

What is Zhejiang Xianju Pharmaceutical Co Momentum Rank?

Zhejiang Xianju Pharmaceutical 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 Zhejiang Xianju Pharmaceutical Co's Momentum Rank

For the Drug Manufacturers - Specialty & Generic subindustry, Zhejiang Xianju Pharmaceutical 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.

Zhejiang Xianju Pharmaceutical Co's Momentum Rank Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Zhejiang Xianju Pharmaceutical Co's Momentum Rank distribution charts can be found below:

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

Zhejiang Xianju Pharmaceutical Co Momentum Rank Related Terms

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

Zhejiang Xianju Pharmaceutical Co (SZSE:002332) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zhejiang Xianju Pharmaceutical Co Ltd (SZSE:002332) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 1 Xianyue Road, Xianju County, Zhejiang Province, CHN, 317300

Website

http://www.xjpharma.com

Zhejiang Xianju Pharmaceutical Co Ltd is a China-based company engaged in the production and sale of drugs. It mainly produces corticosteroids, sex hormones (gynecology and family planning drugs) and anesthesia and muscle relaxants.

Executives

Zhang Yu Song	Directors, executives
Chen Wei Ping	Securities Affairs Representative
Chen Jie	Executives
Jin Jing De	Director
Ying Ming Hua	Executives
Lu Huan Xing	Supervisors
Zheng Bi Jun	Supervisors
Zhang Chi	Supervisors
Zhang Qi	Executives

Zhejiang Xianju Pharmaceutical Co (SZSE:002332) Headlines

No Headlines