Shanghai Pret Composites Co (SZSE:002324) Momentum Rank : 2 (As of May. 28, 2024)

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What is Shanghai Pret Composites Co Momentum Rank?

Shanghai Pret Composites 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 Shanghai Pret Composites Co's Momentum Rank

For the Chemicals subindustry, Shanghai Pret Composites 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.

Shanghai Pret Composites Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Shanghai Pret Composites Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shanghai Pret Composites Co's Momentum Rank falls into.

Shanghai Pret Composites Co Momentum Rank Related Terms

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Shanghai Pret Composites Co (SZSE:002324) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shanghai Pret Composites Co Ltd (SZSE:002324) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.558, Xinye Road, Qingpu Industrial Park, Shanghai, CHN, 201707

Website

http://www.pret.com.cn

Shanghai Pret Composites Co Ltd is engaged in the development, sales, and service of high-performance plastics and composites. Its products include polypropylene, Styrene series copolymers, polyamide, and other materials.

Executives

Zhou Wu	Directors, executives
Li Hong	Directors, executives
Zhang Ying	Supervisors
Zhou Wen	Directors, executives
Chu Min Hong	Directors, executives
Gao Bo	Supervisors
Cai Ying	Supervisors
Zhang Xiang Fu	Directors, executives
Li Jie	Supervisors
Bo Hai Shan	Director

Shanghai Pret Composites Co (SZSE:002324) Headlines

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