Liaoning Chunguang Pharmaceutical Equipment (BJSE:838810) Momentum Rank : 1 (As of May. 27, 2024)

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What is Liaoning Chunguang Pharmaceutical Equipment Momentum Rank?

Liaoning Chunguang Pharmaceutical Equipment has the Momentum Rank of 1.

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.

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Competitive Comparison of Liaoning Chunguang Pharmaceutical Equipment's Momentum Rank

For the Specialty Industrial Machinery subindustry, Liaoning Chunguang Pharmaceutical Equipment'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.

Liaoning Chunguang Pharmaceutical Equipment's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Liaoning Chunguang Pharmaceutical Equipment's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Liaoning Chunguang Pharmaceutical Equipment's Momentum Rank falls into.

Liaoning Chunguang Pharmaceutical Equipment Momentum Rank Related Terms

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Liaoning Chunguang Pharmaceutical Equipment (BJSE:838810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Liaoning Chunguang Pharmaceutical Equipment Corp Ltd (BJSE:838810) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qilihe Industrial Park, Liaoning Province, Jinzhou, CHN, 121000

Website

http://www.lncgjx.com

Liaoning Chunguang Pharmaceutical Equipment Corp Ltd engages in research, development, production, and sales of food and pharmaceutical packaging equipment. It is a high-end packaging equipment manufacturer specializing in pharmaceuticals, food, and daily chemicals.

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