Silk Road Energy Services Group (HKSE:08250) Momentum Rank : 9 (As of May. 25, 2024)

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What is Silk Road Energy Services Group Momentum Rank?

Silk Road Energy Services Group 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 Silk Road Energy Services Group's Momentum Rank

For the Thermal Coal subindustry, Silk Road Energy Services Group'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.

Silk Road Energy Services Group's Momentum Rank Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Silk Road Energy Services Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Silk Road Energy Services Group's Momentum Rank falls into.

Silk Road Energy Services Group Momentum Rank Related Terms

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Silk Road Energy Services Group (HKSE:08250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Silk Road Energy Services Group Ltd (HKSE:08250) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

166 -168 Gloucester Road, 16th Floor, Sing Ho Financial Building, Hong Kong, HKG

Website

https://www.silkroadenergy.com.hk

Silk Road Energy Services Group Ltd is a Hong Kong-based investment holding company involved in the coal mining business. It operates through given segments Trading fresh produce products, Coal mining and construction services, Money lending and Heating supply services. Its business is spread across Hong Kong, the People's Republic of China, and Mongolia. The majority of the revenue is contributed by Trading of fresh produce products.

Executives

Xu Gongming	2201 Interest of corporation controlled by you
Hong Shu Wan Tou Zi Ji Tuan Guo Ji You Xian Gong Si	2101 Beneficial owner
Yan Weiwei	2201 Interest of corporation controlled by you
Xing Lian Ke Ji You Xian Gong Si	2101 Beneficial owner
Wei Kai	2101 Beneficial owner
Chen Ying	2101 Beneficial owner
Liao Xiaofang	2101 Beneficial owner

Silk Road Energy Services Group (HKSE:08250) Headlines

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