Shanghai Xinpeng Industrial Co (SZSE:002328) Momentum Rank : 2 (As of May. 30, 2024)

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What is Shanghai Xinpeng Industrial Co Momentum Rank?

Shanghai Xinpeng Industrial 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 Xinpeng Industrial Co's Momentum Rank

For the Metal Fabrication subindustry, Shanghai Xinpeng Industrial 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 Xinpeng Industrial Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shanghai Xinpeng Industrial Co's Momentum Rank distribution charts can be found below:

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

Shanghai Xinpeng Industrial Co Momentum Rank Related Terms

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Shanghai Xinpeng Industrial Co (SZSE:002328) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai Xinpeng Industrial Co Ltd (SZSE:002328) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1698 Hualong Road, Qingpu District, Huaxin Town, Shanghai, CHN, 201708

Website

http://www.xinpeng.com

Shanghai Xinpeng Industrial Co Ltd is engaged as manufacturer of metal parts for electromechanical products. The activities of the company include precision stamping, continuous stamping, laser cutting, robot welding, electrophoresis processing, and power coating processing.

Executives

Song Lin	Director
Xu Ji Kun	Director
Li Wen Jun	Secretary Dong
Shen Xiao Qing	Director
Zhang Wei Xin	Supervisors
Shao Hai Jian	Director
Shi Ji Ping	Directors, executives
Wang Yun Zhou	Supervisors
Zhao Gang	Supervisors
Song Bo Kang	Director
Xiao Zhang Chun	Directors, executives
Wang Pei Yi	Directors, executives
Zhang Yong Ren	Executives

Shanghai Xinpeng Industrial Co (SZSE:002328) Headlines

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