Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) Momentum Rank : 8 (As of May. 16, 2024)

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

What is Jiangsu Shuangxing Color Plastic New Materials Co Momentum Rank?

Jiangsu Shuangxing Color Plastic New Materials 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 Jiangsu Shuangxing Color Plastic New Materials Co's Momentum Rank

For the Packaging & Containers subindustry, Jiangsu Shuangxing Color Plastic New Materials 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.

Jiangsu Shuangxing Color Plastic New Materials Co's Momentum Rank Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Jiangsu Shuangxing Color Plastic New Materials Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Jiangsu Shuangxing Color Plastic New Materials Co's Momentum Rank falls into.

Jiangsu Shuangxing Color Plastic New Materials Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Jiangsu Shuangxing Color Plastic New Materials Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Jiangsu Shuangxing Color Plastic New Materials Co Ltd (SZSE:002585) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Jingtou Street, Suqian City, Jiangsu Province, CHN, 223808

Website

http://www.cpp.com.cn

Jiangsu Shuangxing Color Plastic New Materials Co Ltd is engaged in the development and production of plastic packaging materials in China. Its products include Metallized Film, Ployester Film, Hot Stamping Film, Transfer Film, Card Protection Film, Yarn Grade Film, Decorative Film, Laser Film, Thermal Sealable Film and Solar Film. The company distributes its products in domestic and to overseas markets.

Jiangsu Shuangxing Color Plastic New Materials Co (SZSE:002585) Headlines

No Headlines