Jilin Chemical Fibre Co (SZSE:000420) Momentum Rank : 6 (As of May. 26, 2024)

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What is Jilin Chemical Fibre Co Momentum Rank?

Jilin Chemical Fibre 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 Jilin Chemical Fibre Co's Momentum Rank

For the Textile Manufacturing subindustry, Jilin Chemical Fibre 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.

Jilin Chemical Fibre Co's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Jilin Chemical Fibre Co's Momentum Rank distribution charts can be found below:

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

Jilin Chemical Fibre Co Momentum Rank Related Terms

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Jilin Chemical Fibre Co (SZSE:000420) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jilin Chemical Fibre Co Ltd (SZSE:000420) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 516?1 Jiuzhan Street, Changyi District, Jilin, Jilin, CHN, 132115

Website

http://www.jlhxjt.com

Jilin Chemical Fibre Co Ltd is engaged in chemical fiber manufacturing. The products of the company include viscose staple fiber, viscose filament yarn, acrylic fiber, chemical fiber pulp, yarn, a heat accumulating fiber, anti-pill fiber, gelled dying fiber, carbon fiber precursor, and paper products.

Executives

Du Xiao Min	Director
Wei Quan Dong	Executives
Wang Sheng Yong	Director
Sun Yu Jing	Director
Jin Dong Jie	Director
Liu Hong Wei	Director
Qu Da Jun	Supervisors
Wang Dong Mei	Executives
Wang Jing Xia	Supervisors
Liu Feng Jiu	Supervisors
Song De Wu	Directors, executives
Xu Jian Guo	Secretary Dong
Zheng Gui Yun	Supervisors
Zhou Guo Li	Supervisors
Wang Qiu Hong	Securities Affairs Representative

Jilin Chemical Fibre Co (SZSE:000420) Headlines

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