361 Degrees International (361 Degrees International) Momentum Rank : 6 (As of May. 16, 2024)

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What is 361 Degrees International Momentum Rank?

361 Degrees International has the Momentum Rank of 6.

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 361 Degrees International's Momentum Rank

For the Footwear & Accessories subindustry, 361 Degrees International'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.

361 Degrees International's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, 361 Degrees International's Momentum Rank distribution charts can be found below:

* The bar in red indicates where 361 Degrees International's Momentum Rank falls into.

361 Degrees International Momentum Rank Related Terms

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361 Degrees International (361 Degrees International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » 361 Degrees International Ltd (OTCPK:TSIOF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

01361:Hong Kong 36L:Germany

Address

361 Building, Huli High-technology Park, Huli District, Xiamen, Fujian Province, CHN, 361009

Website

http://www.361sport.com

361 Degrees International Ltd is a Chinese manufacturer of sporting goods. The company produces sporting goods. Its segments include adults and kids. 361 Degrees International reports revenue across four product lines: footwear, apparel, accessories, and others. Footwear and apparel are the important product lines, each contributing close to half the company's revenue, and the majority of sales are made across the adult segment. Adults-this segment derives revenue from manufacturing and trading of adult sporting goods. Kids- this segment derives revenue from the trading of kid's sporting goods. The company derives the majority of its revenue domestically.