Zhejiang Yatai Pharmaceutical Co (SZSE:002370) Momentum Rank : 1 (As of Jun. 05, 2024)

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What is Zhejiang Yatai Pharmaceutical Co Momentum Rank?

Zhejiang Yatai Pharmaceutical Co has the Momentum Rank of 1.

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 Yatai Pharmaceutical Co's Momentum Rank

For the Drug Manufacturers - Specialty & Generic subindustry, Zhejiang Yatai 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 Yatai Pharmaceutical Co's Momentum Rank Distribution in the Drug Manufacturers Industry

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

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

Zhejiang Yatai Pharmaceutical Co Momentum Rank Related Terms

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Zhejiang Yatai Pharmaceutical Co (SZSE:002370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zhejiang Yatai Pharmaceutical Co Ltd (SZSE:002370) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 1152, Yunji Road, Keqiao District, Zhejiang province, Shaoxing, CHN, 312030

Website

http://www.ytyaoye.com

Zhejiang Yatai Pharmaceutical Co Ltd is a China-based company engaged in the research, production, and sales of pharmaceutical drugs. Its product portfolio includes tablets, hard capsules, transdermal patches, freeze-dried powder injections, powder injections, azithromycin, roxithromycin and other products. The company sells its products both in China and other international countries.

Executives

Wang Li Yun	Executives
Zhong Wan Zhen	Director
Lv Xu Xing	Director
Shen Yi Yi	Directors, Directors, and Executives
He Zhen	Directors, executives
Zhu Feng	Securities Affairs Representative
Ren Jun	Director
Ping Hua Biao	Director
Chen Yao Gen	Directors, executives

Zhejiang Yatai Pharmaceutical Co (SZSE:002370) Headlines

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