Zhejiang Kaier New Materials Co (SZSE:300234) Momentum Rank : 8 (As of May. 28, 2024)

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What is Zhejiang Kaier New Materials Co Momentum Rank?

Zhejiang Kaier New Materials Co has the Momentum Rank of 8.

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.

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Competitive Comparison of Zhejiang Kaier New Materials Co's Momentum Rank

For the Steel subindustry, Zhejiang Kaier New Materials 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.

Zhejiang Kaier New Materials Co's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Zhejiang Kaier New Materials Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Zhejiang Kaier New Materials Co's Momentum Rank falls into.

Zhejiang Kaier New Materials Co Momentum Rank Related Terms

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Zhejiang Kaier New Materials Co (SZSE:300234) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Zhejiang Kaier New Materials Co Ltd (SZSE:300234) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Caozhai Industrial Zone, Jindong District, Jinhua City, Zhejiang Province, CHN, 3210031

Website

http://www.zjke.com

Zhejiang Kaier New Materials Co Ltd is engaged in the research, development, design, production, promotion, manufacture, and sales of functional enamel materials.

Executives

Xing Han Xue	Directors, executives
Wu Jian Ming	Directors, executives
Liu Yong Zhen	Executives
Xing Han Ke	Directors, executives
Zheng Gen Tu	Executives
Cheng Zhi Yong	Directors, executives
Sheng Lei	Securities Affairs Representative
Fu Jian You	Supervisors
Gu Jin Fang	Director

Zhejiang Kaier New Materials Co (SZSE:300234) Headlines

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