Sichuan Guoguoang Agrochemicals Co (SZSE:002749) Momentum Rank : 3 (As of May. 27, 2024)

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What is Sichuan Guoguoang Agrochemicals Co Momentum Rank?

Sichuan Guoguoang Agrochemicals 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 Sichuan Guoguoang Agrochemicals Co's Momentum Rank

For the Agricultural Inputs subindustry, Sichuan Guoguoang Agrochemicals 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.

Sichuan Guoguoang Agrochemicals Co's Momentum Rank Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Sichuan Guoguoang Agrochemicals Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sichuan Guoguoang Agrochemicals Co's Momentum Rank falls into.

Sichuan Guoguoang Agrochemicals Co Momentum Rank Related Terms

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Sichuan Guoguoang Agrochemicals Co (SZSE:002749) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Sichuan Guoguoang Agrochemicals Co Ltd (SZSE:002749) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 899, Beijing Road, Longquanyi District, Sichuan, Chengdu, CHN, 610100

Website

http://www.scggic.com

Sichuan Guoguoang Agrochemicals Co Ltd is engaged in research, development, production, and sales of plant growth regulators and high-efficiency water-soluble fertilizers. Its products mainly used in agricultural planting, horticultural production, garden conservation, forestry plant protection and other fields. The firm exports its products to the United States, Japan, Thailand, Egypt, the Philippines, Vietnam, South Korea.

Executives

He Peng	Directors, executives
Yan Chang Xu	Director
Yan Ya Qi	Directors, executives

Sichuan Guoguoang Agrochemicals Co (SZSE:002749) Headlines

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