Shanghai Chlor-alkali Chemical Co (SHSE:900908) Momentum Rank : 8 (As of May. 09, 2024)

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What is Shanghai Chlor-alkali Chemical Co Momentum Rank?

Shanghai Chlor-alkali Chemical Co has the Momentum Rank of 8.

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 Shanghai Chlor-alkali Chemical Co's Momentum Rank

For the Chemicals subindustry, Shanghai Chlor-alkali 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.

Shanghai Chlor-alkali Chemical Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shanghai Chlor-alkali Chemical Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shanghai Chlor-alkali Chemical Co's Momentum Rank falls into.

Shanghai Chlor-alkali Chemical Co Momentum Rank Related Terms

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Shanghai Chlor-alkali Chemical Co (SHSE:900908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Chlor-alkali Chemical Co Ltd (SHSE:900908) » Definitions » Momentum Rank

Traded in Other Exchanges

600618:China

Address

4747 Longwu Road, Shanghai, CHN, 00241

Website

http://www.scacc.com

Shanghai Chlor-alkali Chemical Co Ltd produces chemical products. The company's product portfolio includes sodium hydroxide, chlorine, chlorine products, polyvinyl chloride plastics resin and the products. It is focused on export markets in the Middle East, South America, and Africa for its sales performance. Its majority of revenues are from the production and sale of Chlorine products.

Shanghai Chlor-alkali Chemical Co (SHSE:900908) Headlines

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