Maiquer Group Co (SZSE:002719) Momentum Rank : 1 (As of Jun. 07, 2024)

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What is Maiquer Group Co Momentum Rank?

Maiquer Group 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 Maiquer Group Co's Momentum Rank

For the Food Distribution subindustry, Maiquer Group 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.

Maiquer Group Co's Momentum Rank Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Maiquer Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Maiquer Group Co's Momentum Rank falls into.

Maiquer Group Co Momentum Rank Related Terms

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Maiquer Group Co (SZSE:002719) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Maiquer Group Co Ltd (SZSE:002719) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Maiquer Avenue, Changji, CHN, 831100

Website

http://www.maiquer.com

Maiquer Group Co Ltd is a food processing enterprise which manufactures, distributes baking dairy products and baked goods which include bread, and cakes. It also sale festive foods, frozen drinks and other products. Dairy products include sterilization Milk, brewed milk, milk-containing beverages and fermented milk. It has four series of products; baked goods including bread, cakes, Chinese and Western cakes, moon cakes and other products.

Executives

Wang Yi Jin	Director
Xia Dong Min	Supervisors

Maiquer Group Co (SZSE:002719) Headlines

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