Liaoning Fu-An Heavy Industry Co (SHSE:603315) Momentum Rank : 1 (As of Oct. 09, 2024)

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What is Liaoning Fu-An Heavy Industry Co Momentum Rank?

Liaoning Fu-An Heavy Industry Co has the Momentum Rank of 1.

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 Liaoning Fu-An Heavy Industry Co's Momentum Rank

For the Steel subindustry, Liaoning Fu-An Heavy Industry 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.

Liaoning Fu-An Heavy Industry Co's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Liaoning Fu-An Heavy Industry Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Liaoning Fu-An Heavy Industry Co's Momentum Rank falls into.

Liaoning Fu-An Heavy Industry Co Momentum Rank Related Terms

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Liaoning Fu-An Heavy Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Liaoning Fu-An Heavy Industry Co Ltd (SHSE:603315) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.8, Anzheng Road, Qianshan District, Anshan, CHN, 114016

Website

http://www.lnfa.com.cn

Liaoning Fu-An Heavy Industry Co Ltd is engaged in the manufacturing of heavy steel castings products. According to the use, its products can be divided into thermal power equipment Castings, hydroelectric equipment castings, other power generation equipment castings and other castings. The main thermal power products include high/medium pressure internal and external cylinders; Valve body/cylinder. Hydropower products include upper crown, lower ring, runner body, Thrust heads, blades, ball valve bodies. Rail transit products include internal combustion engine bogies.

Executives

Han Yue Hai	Director
Yin Chen Yang	Director
Mu Jian Hua	Director
Yu Guang Yu	senior management
Liu Ying Chun	senior management
Qin Shuai	Directors, senior managers
Li Jian	senior management
Liu Ai Guo	Directors, senior managers
Zhang Yi Yan	Supervisors
Shi Peng	Directors, senior managers
Li Jing	Directors, senior managers
Wu Di	senior management
Gou Min	Supervisors
Lv Shi Ping	Director
Li Min	Supervisors

Liaoning Fu-An Heavy Industry Co Headlines

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