Canature Health Technology Group Co (SZSE:300272) Momentum Rank : 10 (As of May. 25, 2024)

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What is Canature Health Technology Group Co Momentum Rank?

Canature Health Technology Group 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Canature Health Technology Group Co's Momentum Rank

For the Pollution & Treatment Controls subindustry, Canature Health Technology 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.

Canature Health Technology Group Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Canature Health Technology Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Canature Health Technology Group Co's Momentum Rank falls into.

Canature Health Technology Group Co Momentum Rank Related Terms

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Canature Health Technology Group Co (SZSE:300272) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Canature Health Technology Group Co Ltd (SZSE:300272) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

518 Chuan Da Road, Pudong, Shanghai, CHN, 201299

Website

http://www.canature-global.com

Canature Health Technology Group Co Ltd engages in the production and distribution of water purification equipment and water softener equipment in China. The products offered by the group includes Softeners, Filters, Commercial Drinking Water Systems, Multi-Port Control Valves, Pressure Tanks, Wells and Valves and others. Geographically the activities are carried out through China.

Executives

Yuan Xue Wei	Executives
	Directors, executives
Zhao Li Jun	Director
Qu Jian Guo	Director
Lu Dong Ying	Securities Affairs Representative
Gu Tian Lu	Supervisors
Qiu Jie Xia	Supervisors
Zhou Yi Xiang	Supervisors
Yang Huan Feng	Directors, Directors, and Executives
Gao Guo Lei	Secretary Dong
	Supervisors
Wang Jian	Director

Canature Health Technology Group Co (SZSE:300272) Headlines

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