Shandongcred Sun Power Sources Co (SZSE:002580) Momentum Rank : 1 (As of Jun. 04, 2024)

View and export this data going back to 2011. Start your Free Trial

What is Shandongcred Sun Power Sources Co Momentum Rank?

Shandongcred Sun Power Sources 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 Shandongcred Sun Power Sources Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, Shandongcred Sun Power Sources 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.

Shandongcred Sun Power Sources Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shandongcred Sun Power Sources Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shandongcred Sun Power Sources Co's Momentum Rank falls into.

Shandongcred Sun Power Sources Co Momentum Rank Related Terms

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

Shandongcred Sun Power Sources Co (SZSE:002580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shandong Sacred Sun Power Sources Co Ltd (SZSE:002580) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 1 Shengyang Road, Shandong, Qufu, CHN, 273100

Website

http://www.sacredsun.cn

Shandong Sacred Sun Power Sources Co Ltd is engaged in providing stored energy solutions for industrial applications. The company designs, manufactures, and distributes reserve power and motive power batteries. The application area of the company include telecom, UPS, energy storage, and motive power.

Executives

Song Bin	Director
Li Dong Guang	Supervisors
Zhu Ji Ling	Executives
Gao Yun Kui	Director
Yang Jun Chao	Executives
Yu Hai Long	Secretary, Director
Li Shu Hua	Supervisors
Sui Yan Bo	Directors, executives
Gong Guo Wei	Executives
Wang Jun	Executives
Kong De Long	Executives
Yang Yu Qing	Executives
Wang Ping	Directors, executives
Li Juan	Securities Affairs Representative

Shandongcred Sun Power Sources Co (SZSE:002580) Headlines

No Headlines