Hubei Zhenhua Chemical Co (SHSE:603067) Momentum Rank : 6 (As of Jun. 05, 2024)

View and export this data going back to 2016. Start your Free Trial

What is Hubei Zhenhua Chemical Co Momentum Rank?

Hubei Zhenhua Chemical Co 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 Hubei Zhenhua Chemical Co's Momentum Rank

For the Chemicals subindustry, Hubei Zhenhua Chemical 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.

Hubei Zhenhua Chemical Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hubei Zhenhua Chemical Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hubei Zhenhua Chemical Co's Momentum Rank falls into.

Hubei Zhenhua Chemical Co Momentum Rank Related Terms

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

Hubei Zhenhua Chemical Co (SHSE:603067) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hubei Zhenhua Chemical Co Ltd (SHSE:603067) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.:668, Huangshi Road, Xisaishan District, Huangshi, CHN, 435001

Website

http://www.hszhenhua.com

Hubei Zhenhua Chemical Co Ltd is mainly engaged in research and development, production and sales of chromium salt products in China. Its products portfolio includes sodium dichromate, chromic anhydride, crystalline chromic anhydride, liquid chromic anhydride, chrome green, potassium dichromate, basic chromium sulfate, vitamin K3, yuan Ming powder, aluminum hydroxide and other products.

Executives

Shi Da Xue	Director
Ke Zun You	Director
Chen Qian Yan	Director
Ke Yu Sheng	Director
Cai Zai Hua	Director
Duan Xiang Yun	Supervisors
Ruan Guo Bin	Director
Yang Fan	senior management
Zhu Gui Lin	senior management
Shi Yi Lang	senior management
Li Xue Gang	senior management
Ke Min	Supervisors
Cheng Liang Rong	senior management
Fang Hong Bin	Director

Hubei Zhenhua Chemical Co (SHSE:603067) Headlines

No Headlines