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Tianjin Pengling Group Co (SZSE:300375) Momentum Rank : 9 (As of Jun. 04, 2024)


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What is Tianjin Pengling Group Co Momentum Rank?

Tianjin Pengling Group Co has the Momentum Rank of 9.

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 Tianjin Pengling Group Co's Momentum Rank

For the Auto Parts subindustry, Tianjin Pengling 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.


Tianjin Pengling Group Co's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tianjin Pengling Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tianjin Pengling Group Co's Momentum Rank falls into.



Tianjin Pengling Group Co Momentum Rank Related Terms

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Tianjin Pengling Group Co (SZSE:300375) Business Description

Traded in Other Exchanges
N/A
Address
No. 1703 Gewan Road, Zhongtang Industrial Area, Binhai New Area, Tianjin, CHN, 300270
Tianjin Pengling Rubber Hose Co Ltd is engaged in the design, research and development, production, and sales of automobile accessory. The products of the company include pipe series and seal series.
Executives
Zhang Hong Qi Director
Wang Zhong Sheng Supervisors
Li Jin Lou Directors, executives
Gao Xian Hua Executives
Liu Li Supervisors
Zhang Bao Xin Directors, executives
Liu Shi Ling Secretary, Director
Zhang Xi Cheng Executives
Wang Shao Guo Supervisors

Tianjin Pengling Group Co (SZSE:300375) Headlines

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