GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Anhui Sentai WPC Group Share Co Ltd (SZSE:301429) » Definitions » Momentum Rank

Anhui Sentai WPC Group Share Co (SZSE:301429) Momentum Rank : 0 (As of Jun. 05, 2024)


View and export this data going back to 2023. Start your Free Trial

What is Anhui Sentai WPC Group Share Co Momentum Rank?

Anhui Sentai WPC Group Share Co has the Momentum Rank of 0.

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.

Anhui Sentai WPC Group Share Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Anhui Sentai WPC Group Share Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Anhui Sentai WPC Group Share Co (SZSE:301429) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Anhui Sentai WPC Group Share Co Ltd (SZSE:301429) » Definitions » Momentum Rank
Comparable Companies
SZSE:002005 SHSE:600854 SZSE:002084 SZSE:002076 SHSE:605318 SZSE:001368 SZSE:002853 SZSE:301113 SHSE:605336 SZSE:301055 SZSE:000333 SHSE:600690 SZSE:000651 TSE:9843 SHSE:603833 TPX SN WHR SZSE:002032 XPAR:SK
Traded in Other Exchanges
N/A
Address
Guohua Road, Guangde Economic Development Zone, Anhui Province, Xuancheng, CHN, 242200
Website
http://www.sentaiwpc.com
Anhui Sentai WPC Group Share Co Ltd is focused on the research and development and promotion of wood-plastic composite materials and their products. The company's products are mainly used in wood substitution, whole house assembly, prefabricated buildings, automotive interiors and other fields.

Anhui Sentai WPC Group Share Co (SZSE:301429) Headlines

No Headlines