Wens Foodstuff Group Co (SZSE:300498) Momentum Rank : 10 (As of May. 02, 2024)

View and export this data going back to 2015. Start your Free Trial

What is Wens Foodstuff Group Co Momentum Rank?

Wens Foodstuff 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 Wens Foodstuff Group Co's Momentum Rank

For the Farm Products subindustry, Wens Foodstuff 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.

Wens Foodstuff Group Co's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Wens Foodstuff Group Co's Momentum Rank distribution charts can be found below:

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

Wens Foodstuff Group Co Momentum Rank Related Terms

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

Wens Foodstuff Group Co (SZSE:300498) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wens Foodstuff Group Co Ltd (SZSE:300498) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, Dongdi North Road, Xincheng Town, Xinxing County, Guangdong Province, Yunfu, CHN, 527400

Website

https://www.wens.com.cn

Wens Foodstuff Group Co Ltd operates as a livestock and poultry farming company in China. The company offers fresh meat products and processed products, including chicken, pig, duck, milk, egg, cooked chicken, deep-sea fish, sheep, pigeons, and other products. It also provides raw milk; and finished milk, such as pasteurized milk, fermented milk, sterilized milk, milk-containing beverages, and other various categories of products.

Wens Foodstuff Group Co (SZSE:300498) Headlines

No Headlines