SDIC Zhonglu Fruit Juice Co (SHSE:600962) Momentum Rank : 7 (As of Jun. 06, 2024)

View and export this data going back to 2004. Start your Free Trial

What is SDIC Zhonglu Fruit Juice Co Momentum Rank?

SDIC Zhonglu Fruit Juice Co has the Momentum Rank of 7.

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 SDIC Zhonglu Fruit Juice Co's Momentum Rank

For the Packaged Foods subindustry, SDIC Zhonglu Fruit Juice 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.

SDIC Zhonglu Fruit Juice Co's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, SDIC Zhonglu Fruit Juice Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where SDIC Zhonglu Fruit Juice Co's Momentum Rank falls into.

SDIC Zhonglu Fruit Juice Co Momentum Rank Related Terms

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

SDIC Zhonglu Fruit Juice Co (SHSE:600962) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » SDIC Zhonglu Fruit Juice Co Ltd (SHSE:600962) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.2 Fuchengmenwai Street, 21st Floor, Block B, Wantong New World Plaza, Xicheng District, Beijing, CHN, 100037

Website

http://www.sdiczl.com

SDIC Zhonglu Fruit Juice Co Ltd is engaged in the manufacturing and distribution of fruit and vegetable juice concentrates. It offers concentrated apple, sweet potato, pear, cucumber, yaw berry, fructose, and spice series. Geographically the activities are carried out through China.

Executives

Quan Yu Hong

senior management

SDIC Zhonglu Fruit Juice Co (SHSE:600962) Headlines

No Headlines