Jiangsu Dingsheng New Material JSC (SHSE:603876) Momentum Rank : 4 (As of Jun. 07, 2024)

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What is Jiangsu Dingsheng New Material JSC Momentum Rank?

Jiangsu Dingsheng New Material JSC has the Momentum Rank of 4.

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 Jiangsu Dingsheng New Material JSC's Momentum Rank

For the Aluminum subindustry, Jiangsu Dingsheng New Material JSC'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.

Jiangsu Dingsheng New Material JSC's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Jiangsu Dingsheng New Material JSC's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Jiangsu Dingsheng New Material JSC's Momentum Rank falls into.

Jiangsu Dingsheng New Material JSC Momentum Rank Related Terms

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Jiangsu Dingsheng New Material JSC (SHSE:603876) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Jiangsu Dingsheng New Material JSC Ltd (SHSE:603876) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Jingkou Industrial Park, Highway 338 / Beijing Hangzhou the Grande Canale West, Jiangsu Province, Zhenjiang, CHN, 212141

Website

http://www.dingshengxincai.com

Jiangsu Dingsheng New Material JSC Ltd is engaged in the manufacturing of aluminum and Aluminum Alloy plate, belt, foil and its deep processing products of provincial high-tech enterprise. Its products include strip, foil and coating material, deep processed products such as aluminum oxide board, cable foil, air conditioner foil, decorative building material aluminum foil, air conditioner refrigerator evaporator, and condenser.

Executives

Zong Yong Jin	Director
Bian Hui Juan	Directors, senior managers
Chen Wei Xin	Directors, senior managers
Dong Qing Liang	Supervisors
Ding Gui Bao	Director

Jiangsu Dingsheng New Material JSC (SHSE:603876) Headlines

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