Zhejiang Unifull Industrial Fiber Co (SZSE:002427) Momentum Rank : 3 (As of May. 31, 2024)

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What is Zhejiang Unifull Industrial Fiber Co Momentum Rank?

Zhejiang Unifull Industrial Fiber 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 Zhejiang Unifull Industrial Fiber Co's Momentum Rank

For the Textile Manufacturing subindustry, Zhejiang Unifull Industrial Fiber 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 Unifull Industrial Fiber Co's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Unifull Industrial Fiber Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhejiang Unifull Industrial Fiber Co's Momentum Rank falls into.

Zhejiang Unifull Industrial Fiber Co Momentum Rank Related Terms

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Zhejiang Unifull Industrial Fiber Co (SZSE:002427) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Unifull Industrial Fiber Co Ltd (SZSE:002427) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Hefu Industrial Zone, Huzhou city, Zhejiang, CHN, 313017

Website

http://www.unifull.com

Zhejiang Unifull Industrial Fiber Co Ltd is a China-based company. It is engaged in the research and development, manufacture and distribution of polyester filaments and lithium batteries. The company is in Huzhou, Zhejiang, China, bordering on Shanghai and Hangzhou.

Executives

Gao Xian Chao	Executives
Yuan Ping	Executives
Lai Jian Qing	Directors, executives
Meng Xiang Gong	Executives
Weng Zhong Hua	Directors, executives
Lv Bin	Executives
Zhang Lin	Supervisors
Song Ming Gen	Executives

Zhejiang Unifull Industrial Fiber Co (SZSE:002427) Headlines

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