Zhewen Pictures Group Co (SHSE:601599) Momentum Rank : 10 (As of May. 27, 2024)

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What is Zhewen Pictures Group Co Momentum Rank?

Zhewen Pictures 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 Zhewen Pictures Group Co's Momentum Rank

For the Textile Manufacturing subindustry, Zhewen Pictures 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.

Zhewen Pictures Group Co's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhewen Pictures Group Co's Momentum Rank distribution charts can be found below:

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

Zhewen Pictures Group Co Momentum Rank Related Terms

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Zhewen Pictures Group Co (SHSE:601599) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhewen Pictures Group Co Ltd (SHSE:601599) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Luyuan Industrial Zone, Tangqiao Town, Zhangjiagang, Suzhou, CHN, 215600

Website

http://www.lugangwool.com

Zhewen Pictures Group Co Ltd, formerly Jiangsu Lugang Culture Co Ltd is a China-based company that engages in the manufacture and distribution of knitted woolen yarns. The company provides worsted yarns, semi-worsted yarns, and worsted woolen fabrics. Its products are applied in the manufacture of shirts, suits, and others.

Executives

Qiu Yu	Director
Qian Zhong Wei	Director
Lu Mei Hua	senior management
Mou Jin Yi	Director
Yuan Ai Guo	senior management
Gao Hui Zhong	Supervisors
Hou Wen Bin	senior management
Xu Qun	Director
Zou Guo Dong	senior management
Ni Zhi Gang	senior management
Qian Wen Long	Director
Huang Hai Feng	Supervisors
Qian Ping	Supervisors
Huang Chun Hong	Director
Ni Xue Feng	senior management

Zhewen Pictures Group Co (SHSE:601599) Headlines

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