China Oriental Group Co (China Oriental Group Co) Momentum Rank : 8 (As of Apr. 29, 2024)

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What is China Oriental Group Co Momentum Rank?

China Oriental Group Co has the Momentum Rank of 8.

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 China Oriental Group Co's Momentum Rank

For the Steel subindustry, China Oriental Group 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.

China Oriental Group Co's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, China Oriental Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Oriental Group Co's Momentum Rank falls into.

China Oriental Group Co Momentum Rank Related Terms

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China Oriental Group Co (China Oriental Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Oriental Group Co Ltd (OTCPK:CUGCF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

00581:Hong Kong ORG:Germany

Address

23 Harbour Road, Suites 901-2 and 10, 9th Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG

Website

http://www.chinaorientalgroup.com

China Oriental Group Co Ltd is an iron and steel producer. The company is organized into two main operating segments: Iron and Steel and Real Estate. The Iron and Steel segment is comprised of the manufacturing and sale of iron and steel products and trading of steel products and iron ore and under its Real Estate segment it develops and sells properties. China Oriental produces downstream products including H-section steel, Cold rolled sheets, Galvanized sheets, Strips and strip products, Billets, Rebar, and Steel pile sheets. The company generates the majority of its revenue from the Iron and Steel segment. The firm's major customers are based in Northern China.

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