Yantai Zhenghai Magnetic Material Co (SZSE:300224) Momentum Rank : 10 (As of Jun. 03, 2024)

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What is Yantai Zhenghai Magnetic Material Co Momentum Rank?

Yantai Zhenghai Magnetic Material Co has the Momentum Rank of 10.

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.

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Competitive Comparison of Yantai Zhenghai Magnetic Material Co's Momentum Rank

For the Electronic Components subindustry, Yantai Zhenghai Magnetic Material 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.

Yantai Zhenghai Magnetic Material Co's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Yantai Zhenghai Magnetic Material Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Yantai Zhenghai Magnetic Material Co's Momentum Rank falls into.

Yantai Zhenghai Magnetic Material Co Momentum Rank Related Terms

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Yantai Zhenghai Magnetic Material Co (SZSE:300224) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Yantai Zhenghai Magnetic Material Co Ltd (SZSE:300224) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.22, Zhujiang Road, Yantai Economic and Technical Development Zone, Shandong, CHN, 264006

Website

http://www.zhmag.com

Yantai Zhenghai Magnetic Material Co Ltd is a China-based company engaged in the development, production, sale, and service of high-performance NdFeB permanent magnet materials. Its product is widely used in the fields of IT, automobile, petrochemical, mechanics, aerospace, mechanoelectronic and medical.

Executives

Song Kan	Directors, executives
Zhao Jun Tao	Directors, executives
Gao Bo	Executives
Peng Bu Zhuang	Executives
Wang Qing Kai	Director
Li Zhi Qiang	Directors, executives
Shi Bing Qiang	Executives
Wang Yu Lin	Executives
Wang Tao	Director
Sun Wei Nan	Securities Affairs Representative
Yu Zai Hai	Securities Affairs Representative
Mi Bo Hai	Director
Zhang Yi Ni	Director

Yantai Zhenghai Magnetic Material Co (SZSE:300224) Headlines

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