FSPG Hi-Tech Co (SZSE:000973) Momentum Rank : 8 (As of Jun. 11, 2024)

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What is FSPG Hi-Tech Co Momentum Rank?

FSPG Hi-Tech 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 FSPG Hi-Tech Co's Momentum Rank

For the Chemicals subindustry, FSPG Hi-Tech 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.

FSPG Hi-Tech Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, FSPG Hi-Tech Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where FSPG Hi-Tech Co's Momentum Rank falls into.

FSPG Hi-Tech Co Momentum Rank Related Terms

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FSPG Hi-Tech Co (SZSE:000973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FSPG Hi-Tech Co Ltd (SZSE:000973) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

72 Fenjiang Zhong Road, Chancheng District, Foshan, CHN, 528000

Website

http://www.foshan-plastic.com

FSPG Hi-Tech Co Ltd is a China-based company primarily engaged in the research and development, production and sale of new energy, new materials, energy saving technologies and environmental protection products. The company offers Packaging materials, such as BOPA, BOPP drinking straw and cigarette packaging materials, and laminated AL films; Electric and optical materials, such as BOPP capacitor and polarizer films; Construction materials comprising woven fabrics and PE-Xc pipes; Personal Healthcare & Clothing Material such as PE Casting Embossed Film and EasyTexTM and Advertisement & Labeling Material includes PVC Film For Graphics Use. Geographically the operations are carried out through China.

Executives

Huang Bing Di	Directors, executives
Wang Lei	Executives
Wang Yu Hong	Supervisors
Xu Yong	Director
Li Man Li	Executives
Feng Zhao Zheng	Director
Tao Luo Cheng	Executives
Zhou Zhi Hui	Executives
Liu Ya Jun	Executives
Wu Yao Gen	Director
Luo Han Jun	Directors, executives
Lv Sen	Executives

FSPG Hi-Tech Co (SZSE:000973) Headlines

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