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Guanwei Recycling (Guanwei Recycling) Momentum Rank : 0 (As of May. 24, 2024)


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What is Guanwei Recycling Momentum Rank?

Guanwei Recycling has the Momentum Rank of 0.

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.

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Guanwei Recycling (Guanwei Recycling) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Guanwei Recycling Corp (GREY:GPRC) » Definitions » Momentum Rank
Comparable Companies
WAR:GRE WAR:ATO TSXV:ETK.H BOM:532001 NSE:FELIX HDII OCLN WAR:IVE TSXV:CLI TSXV:CVR NESCQ XCNQ:BAC WAR:DRP CWSS BOM:532911 TSXV:BLM XCNQ:LUX BOM:526931 XKRX:217910 BOM:539515
Traded in Other Exchanges
N/A
Address
Rong Qiao Economic Zone, Fuqing City, Fujian, CHN, 350301
Website
http://www.guanweirecycling.com
Guanwei Recycling Corp is a plastic recycling company. It is primarily engaged in the manufacture and distribution of low-density polyethylene and other recycled plastic products using the imported raw material in the form of plastic waste. The plastic polymers include Polyethylene terephthalate, High-density polyethylene, Polyvinyl chloride, Low-density polyethylene, Polypropylene, and Polystyrene. Geographically, the activities of the group are functioned through China.

Guanwei Recycling (Guanwei Recycling) Headlines

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