Goldwind Science & Technology Co (SZSE:002202) Momentum Rank : 5 (As of May. 05, 2024)

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What is Goldwind Science & Technology Co Momentum Rank?

Goldwind Science & Technology Co has the Momentum Rank of 5.

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 Goldwind Science & Technology Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Goldwind Science & Technology 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.

Goldwind Science & Technology Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Goldwind Science & Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Goldwind Science & Technology Co's Momentum Rank falls into.

Goldwind Science & Technology Co Momentum Rank Related Terms

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Goldwind Science & Technology Co (SZSE:002202) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Goldwind Science & Technology Co Ltd (SZSE:002202) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

XJNGF:USA 02208:Hong Kong CXGH:Germany CXGH:Germany

Address

No. 8 Boxing 1st Road, Economic and Technological Development District, Beijing, CHN, 100176

Website

https://www.goldwind.com

Goldwind Science & Technology Co Ltd manufactures, and markets wind turbines & other solutions. It has four segments. The wind turbine generator manufacturing & sale segment engages in research & development, manufacture & sale of wind turbine generators &bspare parts; the wind power services segment provides wind power construction, post-warranty service & asset management services; the wind farm development segment engages in the development of wind farms, which includes wind power generation service provided by the Group's wind farms & its sales; & the others segment mainly engages in the operation of water treatment plants under the service concession arrangements. The majority is from Wind turbine generator manufacturing & sale. Geographically, the key revenue is from China.

Goldwind Science & Technology Co (SZSE:002202) Headlines

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