Zoneco Group Co (SZSE:002069) Momentum Rank : 1 (As of May. 27, 2024)

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What is Zoneco Group Co Momentum Rank?

Zoneco Group Co has the Momentum Rank of 1.

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 Zoneco Group Co's Momentum Rank

For the Farm Products subindustry, Zoneco Group 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.

Zoneco Group Co's Momentum Rank Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Zoneco Group Co's Momentum Rank falls into.

Zoneco Group Co Momentum Rank Related Terms

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Zoneco Group Co (SZSE:002069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Zoneco Group Co Ltd (SZSE:002069) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.6 Gangxing Road, 26-28th Floor Wanda Center Mansion, Zhongshan District, Dalian, Liaoning, CHN, 116001

Website

http://www.zhangzidao.com

Zoneco Group Co Ltd is a China-based company engaged in the marine ranch business. Its business activities include breeding, raising, processing, and distribution of aquatic products. The company produces a variety of sea treasures such as scallops, abalone, sea cucumber, oyster island oyster, conch, sea urchin, and true sea squirt. It also offers integrating cold chain logistics, marine leisure, fishery equipment, underwater tourism, sea sports, leisure and holiday, sea weddings, training, and development services.

Executives

Wu Hou Gang	Directors, executives
You Jun	Executives
Zou Jian	Executives
Liang Jun	Executives
Cao Bing Cai	Executives
Zhang Kan	Executives
Zhan Wei	Executives
Sun Ying Shi	Executives
He Chun Lei	Executives
Gou Rong	Executives
Sun Fu Jun	Directors, executives
Wu Xiao Wei	Independent director
Zhou Yan Jun	Director
He Zu Qi	Executives
Luo Li	Executives

Zoneco Group Co (SZSE:002069) Headlines

No Headlines