Zhejiang Xinao Textiles (SHSE:603889) Momentum Rank : 3 (As of May. 26, 2024)

View and export this data going back to 2014. Start your Free Trial

What is Zhejiang Xinao Textiles Momentum Rank?

Zhejiang Xinao Textiles has the Momentum Rank of 3.

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 Zhejiang Xinao Textiles's Momentum Rank

For the Textile Manufacturing subindustry, Zhejiang Xinao Textiles'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.

Zhejiang Xinao Textiles's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Xinao Textiles's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhejiang Xinao Textiles's Momentum Rank falls into.

Zhejiang Xinao Textiles Momentum Rank Related Terms

Thank you for viewing the detailed overview of Zhejiang Xinao Textiles's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Xinao Textiles (SHSE:603889) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Zhejiang Xinao Textiles Inc (SHSE:603889) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Guanzhuang Bridge, Chongfu Town, Zhejiang Province, Tongxiang City, CHN, 314511

Website

http://www.chinaxinaogroup.com

Zhejiang Xinao Textiles Inc along with its subsidiaries is engaged in research, development, production & sales of worsted yarn. Its products are worsted yarn & intermediate products of wool tops used in the downstream textile & clothing sector.

Executives

Liu Pei Yi	Directors, senior managers
Hua Xin Zhong	Directors, senior managers
Shen Jian Bo	Directors, senior managers
Chen Xing	senior management
Wang Ling Hua	Directors, senior managers
Yu Xiao Lu	senior management
Shen Jian Hua	Director
Ping Fen	Supervisors
Chen Xue Ming	Supervisors
Zhou Xiao Tian	Director
Li Xin Xue	Director
Zhu Gen Ming	Director
Wang Ru Ming	Supervisors
Tan Lian Gen	senior management
Shen Juan Fen	Director

Zhejiang Xinao Textiles (SHSE:603889) Headlines

No Headlines