Lifecome Biochemistry Co (SZSE:002868) Momentum Rank : 4 (As of May. 12, 2024)

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What is Lifecome Biochemistry Co Momentum Rank?

Lifecome Biochemistry Co has the Momentum Rank of 4.

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 Lifecome Biochemistry Co's Momentum Rank

For the Biotechnology subindustry, Lifecome Biochemistry 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.

Lifecome Biochemistry Co's Momentum Rank Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Lifecome Biochemistry Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lifecome Biochemistry Co's Momentum Rank falls into.

Lifecome Biochemistry Co Momentum Rank Related Terms

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Lifecome Biochemistry Co (SZSE:002868) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Lifecome Biochemistry Co Ltd (SZSE:002868) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.19, Nanpu Ecological Industrial Park, Pucheng, Fujian, CHN, 353400

Website

http://www.pclifecome.com

Lifecome Biochemistry Co Ltd is a biopharmaceutical company which is engaged in the microbial pharmacy in China. Its main products include Bacitracin Zinc products (Bacitracin Zinc Premix, Bacitracin Zinc API), Colistin Sulfate products (Colistin Sulfate Premix, Colistin Sulfate API), Probiotics products (Bacillus Subtilis, Bacillus Licheniformis), Bacitracin Methylene Disalicylate products, biological preservatives: and Natamycin products.

Lifecome Biochemistry Co (SZSE:002868) Headlines

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