Innovation Medical Management Co (SZSE:002173) Momentum Rank : 6 (As of May. 28, 2024)

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What is Innovation Medical Management Co Momentum Rank?

Innovation Medical Management 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 Innovation Medical Management Co's Momentum Rank

For the Luxury Goods subindustry, Innovation Medical Management 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.

Innovation Medical Management Co's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Innovation Medical Management Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Innovation Medical Management Co's Momentum Rank falls into.

Innovation Medical Management Co Momentum Rank Related Terms

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Innovation Medical Management Co (SZSE:002173) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Innovation Medical Management Co Ltd (SZSE:002173) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Pearl Industrial Park, Shanxiahu Town, Zhejiang Province, Zhuji, CHN, 311804

Website

http://www.qzpearl.com

Innovation Medical Management Co Ltd is involved in diversified pearl industry. It is engaged in the pearl farming, processing, design and sales, import and export, tradeand research and bio pharmaceutical that develops pearls. It also has online store which offers pearl necklace, pendant, earrings, ring, bracelets and chain.

Executives

Ma Jian Jian	Executives
Ruan Guang Yin	Director
Chen Hai Jun	Director
Wang Song Tao	Director
He Yong Ji	Director
Chen Xia Ying	Director
Ma San Guang	Directors, executives
Sun Bo Ren	Director
Lou Lai Feng	Directors, executives
Lou Yong Qi	Supervisors

Innovation Medical Management Co (SZSE:002173) Headlines

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