Songz Automobile Air Conditioning Co (SZSE:002454) Momentum Rank : 10 (As of May. 18, 2024)

View and export this data going back to 2010. Start your Free Trial

What is Songz Automobile Air Conditioning Co Momentum Rank?

Songz Automobile Air Conditioning Co has the Momentum Rank of 10.

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 Songz Automobile Air Conditioning Co's Momentum Rank

For the Auto Parts subindustry, Songz Automobile Air Conditioning 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.

Songz Automobile Air Conditioning Co's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Songz Automobile Air Conditioning Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Songz Automobile Air Conditioning Co's Momentum Rank falls into.

Songz Automobile Air Conditioning Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Songz Automobile Air Conditioning Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Songz Automobile Air Conditioning Co (SZSE:002454) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Songz Automobile Air Conditioning Co Ltd (SZSE:002454) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.4999, Huaning Road, Xinzhuang Industrial Park, Shanghai, CHN, 201108

Website

http://www.shsongz.com.cn

Songz Automobile Air Conditioning Co Ltd foreign-funded enterprise. It is engaged in research and development, manufacturing and marketing of the air-conditioners used in commercial and passenger vehicles. Songz is a professional vehicle air-conditioner manufacturer and is also the domestic manufacturer of large and medium-sized passenger vehicle air-conditioners. Its products are widely used in various types of large and medium-sized passenger vehicles, passenger cars, trucks, light-duty buses and rail vehicles, filling in the domestic blank of the double-decker bus air conditioner production.

Songz Automobile Air Conditioning Co (SZSE:002454) Headlines

No Headlines