Xiwang Foodstuffs Co (SZSE:000639) Momentum Rank : 2 (As of Jun. 10, 2024)

View and export this data going back to 1996. Start your Free Trial

What is Xiwang Foodstuffs Co Momentum Rank?

Xiwang Foodstuffs Co has the Momentum Rank of 2.

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 Xiwang Foodstuffs Co's Momentum Rank

For the Packaged Foods subindustry, Xiwang Foodstuffs 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.

Xiwang Foodstuffs Co's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Xiwang Foodstuffs Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Xiwang Foodstuffs Co's Momentum Rank falls into.

Xiwang Foodstuffs Co Momentum Rank Related Terms

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

Xiwang Foodstuffs Co (SZSE:000639) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Xiwang Foodstuffs Co Ltd (SZSE:000639) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 333 Changjiang North Road, Building 1, Jinde Industrial Park, Tianyuan District, Zhuzhou, Hunan, CHN, 412007

Website

http://www.xwsp.cc

Xiwang Foodstuffs Co Ltd operates in the food industry. The company manufactures corn germ oil, corn olive oil, sunflower oil, peanut oil, chile multi, and flaxseed oil.

Executives

Wang Di	Director
Zhou Yong	Executives
Wu Zhen Jin	Director
Yu Xiao Lei	Independent director
Wen Zong Yu	Independent director
Li Xiang Rong	Supervisors
Yang Zi Ping	Supervisors

Xiwang Foodstuffs Co (SZSE:000639) Headlines

No Headlines