Shanghai Huayi Group (SHSE:600623) Momentum Rank : 6 (As of May. 30, 2024)

View and export this data going back to 1992. Start your Free Trial

What is Shanghai Huayi Group Momentum Rank?

Shanghai Huayi Group 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 Shanghai Huayi Group's Momentum Rank

For the Chemicals subindustry, Shanghai Huayi Group'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 Huayi Group's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shanghai Huayi Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shanghai Huayi Group's Momentum Rank falls into.

Shanghai Huayi Group Momentum Rank Related Terms

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

Shanghai Huayi Group (SHSE:600623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Huayi Group Corp Ltd (SHSE:600623) » Definitions » Momentum Rank

Traded in Other Exchanges

900909:China

Address

809 Changde Road, Huayi Group Building, Jing'an District, Shanghai, CHN, 200040

Website

http://www.shhuayi.com

Shanghai Huayi Group Corp Ltd is a chemical company. Its products include methanol, carbon monoxide, syngas and sulfuric acid and other chemical products.

Executives

Gu Chun Lin	senior management
Li Liang Jun	senior management
Chen Da Sheng	senior management
Xu Li Hang	senior management
Wang Xia	Directors, senior managers
Chen Yao	senior management
Wang Jin Huai	senior management
Ma Xiao Bin	senior management
Chang Da Guang	senior management
Wang Ling	senior management

Shanghai Huayi Group (SHSE:600623) Headlines

No Headlines