Qingdao Zhongzi Zhongcheng Group Co (SZSE:300208) Momentum Rank : 2 (As of May. 28, 2024)

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What is Qingdao Zhongzi Zhongcheng Group Co Momentum Rank?

Qingdao Zhongzi Zhongcheng Group Co has the Momentum Rank of 2.

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 Qingdao Zhongzi Zhongcheng Group Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, Qingdao Zhongzi Zhongcheng 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.

Qingdao Zhongzi Zhongcheng Group Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Qingdao Zhongzi Zhongcheng Group Co's Momentum Rank distribution charts can be found below:

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

Qingdao Zhongzi Zhongcheng Group Co Momentum Rank Related Terms

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Qingdao Zhongzi Zhongcheng Group Co (SZSE:300208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Qingdao Zhongzi Zhongcheng Group Co Ltd (SZSE:300208) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Chengyang Airport Industrial Park, Qingdao City, CHN, 266108

Website

http://www.qdhsec.com

Qingdao Zhongzi Zhongcheng Group Co Ltd is mainly engaged in green power grids construction, electric power and new energy development, overseas mineral operation, industrial parks development, virtual reality and Internet technology research and development applications and financial investment holding businesses.

Executives

Jia Xiao Yu	Directors, executives
Mo Bai Xin	Secretary Dong
Chen Zhang	Supervisors
Jia Yu Lan	Director
Sun Jian Qiang	Independent director
Xu Mao Shun	Independent director
Wang Tian Wen	Independent director
Yao Gang	Independent director
Jia Quan Chen	Directors, executives
Ying Ming	Supervisors
Chen Xiao Qiang	Directors, executives
Zhang Pei Rong	Supervisors
Fu Da Zhi	Executives
Liu Tao	Executives
Zhang Zhen Bo	Executives

Qingdao Zhongzi Zhongcheng Group Co (SZSE:300208) Headlines

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