Songcheng Performance Development Co (SZSE:300144) Momentum Rank : 9 (As of May. 26, 2024)

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What is Songcheng Performance Development Co Momentum Rank?

Songcheng Performance Development Co has the Momentum Rank of 9.

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 Songcheng Performance Development Co's Momentum Rank

For the Leisure subindustry, Songcheng Performance Development 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.

Songcheng Performance Development Co's Momentum Rank Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Songcheng Performance Development Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Songcheng Performance Development Co's Momentum Rank falls into.

Songcheng Performance Development Co Momentum Rank Related Terms

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Songcheng Performance Development Co (SZSE:300144) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Songcheng Performance Development Co Ltd (SZSE:300144) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

148 River Road, Zhejiang Province, Hangzhou, CHN, 310008

Website

http://www.songcn.com

Songcheng Performance Development Co Ltd operates in the performing arts industry. The company is engaged in the operation of theme parks and tourism cultural shows in China. It has developed dozens of cultural entertainment projects including Songcheng Six Rooms and China Performing Arts Valley. In addition, the company has extended businesses in leisure tourism, live entertainment, and online entertainment, intending to create a performance empire that covers both online and offline traffic.

Executives

Huang Qiao Long	Director
Huang Qiao Ling	Director
Zheng Qi	Executives
Liu Yan	Directors, executives
Xu Jie	Supervisors
Dong Xin	Secretary Dong
Ji Ding Tian	Director
Shang Ling Xia	Executives
Chen Sheng Min	Executives
Zhang Jian Kun	Directors, executives
Yu Feng	Supervisors
Zhao Wei Dong	Supervisors
Zhu Hua Lu	Supervisors
Zhang Hui Pin	Director
Fang Dong Biao	Director

Songcheng Performance Development Co (SZSE:300144) Headlines

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