Shanghai DOBE Cultural & Creative Industry Development (Group) Co (SZSE:300947) Momentum Rank : 5 (As of Jun. 07, 2024)

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What is Shanghai DOBE Cultural & Creative Industry Development (Group) Co Momentum Rank?

Shanghai DOBE Cultural & Creative Industry Development (Group) 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 Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Momentum Rank

For the Specialty Business Services subindustry, Shanghai DOBE Cultural & Creative Industry Development (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.

Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Momentum Rank falls into.

Shanghai DOBE Cultural & Creative Industry Development (Group) Co Momentum Rank Related Terms

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Shanghai DOBE Cultural & Creative Industry Development (Group) Co (SZSE:300947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shanghai DOBE Cultural & Creative Industry Development (Group) Co Ltd (SZSE:300947) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.492, Anhua Road, Room 707, Building 1, Changning District, Shanghai, CHN, 200050

Website

http://www.dobechina.com

Shanghai DOBE Cultural & Creative Industry Development (Group) Co Ltd is a professional service provider dedicated towards the development of cultural and technological enterprises. DoBe not only provides enterprises with a comfortable, ecological, and personalized high-quality office environment, but also provides entrepreneurial services, brand promotion, financial consulting, business registration and others.

Executives

Jia Bo

Director

Shanghai DOBE Cultural & Creative Industry Development (Group) Co (SZSE:300947) Headlines

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