Jiangsu Pacific Precision Forging Co (SZSE:300258) Momentum Rank : 5 (As of May. 29, 2024)

View and export this data going back to 2011. Start your Free Trial

What is Jiangsu Pacific Precision Forging Co Momentum Rank?

Jiangsu Pacific Precision Forging Co has the Momentum Rank of 5.

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 Jiangsu Pacific Precision Forging Co's Momentum Rank

For the Auto Parts subindustry, Jiangsu Pacific Precision Forging 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.

Jiangsu Pacific Precision Forging Co's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Jiangsu Pacific Precision Forging Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Jiangsu Pacific Precision Forging Co's Momentum Rank falls into.

Jiangsu Pacific Precision Forging Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Jiangsu Pacific Precision Forging Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Jiangsu Pacific Precision Forging Co (SZSE:300258) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jiangsu Pacific Precision Forging Co Ltd (SZSE:300258) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.198 Shuangdeng Avenue, Jiangyan zone, Jiangsu Province, Taizhou, CHN, 225500

Website

http://www.ppforging.com

Jiangsu Pacific Precision Forging Co Ltd is a China based company engaged in the development, production and distribution of auto precision forging gears and other precision forgings. The product portfolio of the company includes bevel gear, monoblock, axis, and shaped pieces.

Executives

Yin Xiao Lin	Supervisors
Xia Han Guan	Directors, executives
Dong Yi	Directors, executives
Lin Ai Lan	Executives
Zhao Hong Jun	Executives
Zhou Wen Long	Director
Zhu Zheng Bin	Directors, executives
Qian Hou Gang	Supervisors
Wang Sheng Tang	Independent director

Jiangsu Pacific Precision Forging Co (SZSE:300258) Headlines

No Headlines