Guangdong Chant Group (SZSE:002616) Momentum Rank : 7 (As of Jun. 03, 2024)

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What is Guangdong Chant Group Momentum Rank?

Guangdong Chant Group has the Momentum Rank of 7.

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 Guangdong Chant Group's Momentum Rank

For the Consumer Electronics subindustry, Guangdong Chant Group'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.

Guangdong Chant Group's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Guangdong Chant Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Guangdong Chant Group's Momentum Rank falls into.

Guangdong Chant Group Momentum Rank Related Terms

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Guangdong Chant Group (SZSE:002616) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Guangdong Chant Group Inc (SZSE:002616) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 42, South Xiaolan Industrial Avenue, Guangdong Province, Zhongshan City, CHN, 528415

Website

https://www.chinachant.com

Guangdong Chant Group Inc is a Chinese company engaged in the production and sales of gas appliances as well as involved in the environmental industry. It manufactures gas valves, gas heaters, barbecue grills, gas cookers and gas appliance parts. The product portfolio of the company includes charcoal barbecues, gas barbecues, air cooler, patio heaters, camping stove, water heaters, cooktops, and others. The company in the environmental industry is involved in co-generation projects and biomass power generation projects.

Executives

Gong Wei Quan	Executives
Su Hui Yi	Securities Affairs Representative
Zhang Ru Yi	Directors, executives
Liao Jie Fen	Supervisors
He Qi Qiang	Director
Mai Zheng Hui	Directors, executives

Guangdong Chant Group (SZSE:002616) Headlines

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