Flat Glass Group Co (SHSE:601865) Momentum Rank : 9 (As of Jun. 06, 2024)

View and export this data going back to 2019. Start your Free Trial

What is Flat Glass Group Co Momentum Rank?

Flat Glass Group Co has the Momentum Rank of 9.

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 Flat Glass Group Co's Momentum Rank

For the Building Products & Equipment subindustry, Flat Glass 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.

Flat Glass Group Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Flat Glass Group Co's Momentum Rank distribution charts can be found below:

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

Flat Glass Group Co Momentum Rank Related Terms

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

Flat Glass Group Co (SHSE:601865) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Flat Glass Group Co Ltd (SHSE:601865) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FGSGF:USA 06865:Hong Kong 72T:Germany

Address

1999 Yunhe Road, Xiuzhou District, Zhejiang Province, Jiaxing, CHN

Website

https://www.flatgroup.com.cn

Flat Glass Group Co Ltd manufactures and sells glass and glass products. The Company operates in six segments: Photovoltaic (PV) Glass, Household Glass, Architectural Glass, Float glass, Mining products, and Other businesses. The majority of revenue is derived from the PV glass segment. Its geographical segments are China, Asia (excluding the PRC and Japan), Europe, North America, and Others.

Executives

Ruan Ze Yun	senior management
Zhu Quan Ming	Supervisors
Shen Fu Quan	Supervisors
Wei Zhi Ming	senior management
Shen Qi Fu	Director
Wei Ye Zhong	Directors, senior managers
Zheng Wen Rong	Supervisors
Jiang Jin Hua	Directors, senior managers
Ruan Hong Liang	Directors, senior managers

Flat Glass Group Co (SHSE:601865) Headlines

No Headlines