Zhejiangnfer Electric Co (SHSE:605336) Momentum Rank : 7 (As of May. 27, 2024)

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What is Zhejiangnfer Electric Co Momentum Rank?

Zhejiangnfer Electric Co has the Momentum Rank of 7.

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.

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Competitive Comparison of Zhejiangnfer Electric Co's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, Zhejiangnfer Electric 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.

Zhejiangnfer Electric Co's Momentum Rank Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Zhejiangnfer Electric Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhejiangnfer Electric Co's Momentum Rank falls into.

Zhejiangnfer Electric Co Momentum Rank Related Terms

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Zhejiangnfer Electric Co (SHSE:605336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Zhejiang Sanfer Electric Co Ltd (SHSE:605336) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Chengdong District, Economic Development Zone, Shengzhou City, Zhejiang Province, Shaoxing, CHN, 312400

Website

http://www.sanfer.com

Zhejiang Sanfer Electric Co Ltd is engaged in design, production and sales of modern new kitchen appliances with integrated stove. The company's technologies include three-burner fire flames, removable and washable invention patents, and DC inverter motors. The product line covers integrated stoves, integrated sinks, dishwashers, and integrated cabinets.

Executives

Ding Han Zhong	Director
Wang Zhong Jie	senior management
Chen Wei	senior management

Zhejiangnfer Electric Co (SHSE:605336) Headlines

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