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Petrovietnam Construction (HSTC:PVX) Momentum Rank : 0 (As of Jun. 08, 2024)


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What is Petrovietnam Construction Momentum Rank?

Petrovietnam Construction 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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Petrovietnam Construction (HSTC:PVX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Petrovietnam Construction Corp (HSTC:PVX) » Definitions » Momentum Rank
Comparable Companies
HSTC:SII STC:NTL HSTC:PXS STC:FCN STC:IJC STC:CII XPAR:DG NSE:LT SHSE:601668 PWR SHSE:601390 J TSX:WSP HKSE:01800 SHSE:601186 XKRX:028260 XPAR:EN SHSE:601669 HKSE:03996 ACM
Traded in Other Exchanges
N/A
Address
Pham Hung Street, CEO Building, Lot HH2, New Urban Me Tri Ha, Tu Liem, Hanoi, VNM
Website
http://www.pvc.vn
Petrovietnam Construction Corp is a Vietnam based construction company. It is engaged in the construction of power plants, refineries, transport and storage facilities, civil projects such as plazas, business centers, and hotels. The company's business lines include Petroleum-specialized construction and installation, Industrial Construction, Civil Construction, and Industrial production.

Petrovietnam Construction (HSTC:PVX) Headlines

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