Sinotruk (Hong Kong) (Sinotruk (Hong Kong)) Momentum Rank : 3 (As of Apr. 28, 2024)

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What is Sinotruk (Hong Kong) Momentum Rank?

Sinotruk (Hong Kong) has the Momentum Rank of 3.

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 Sinotruk (Hong Kong)'s Momentum Rank

For the Farm & Heavy Construction Machinery subindustry, Sinotruk (Hong Kong)'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.

Sinotruk (Hong Kong)'s Momentum Rank Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Sinotruk (Hong Kong)'s Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sinotruk (Hong Kong)'s Momentum Rank falls into.

Sinotruk (Hong Kong) Momentum Rank Related Terms

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Sinotruk (Hong Kong) (Sinotruk (Hong Kong)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sinotruk (Hong Kong) Ltd (OTCPK:SHKLY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SHKLF:USA 03808:Hong Kong 4SK:Germany

Address

No. 777 Hua’ao Road, Sinotruk Tower, Innovation Zone, Gaoxin District, Shandong Province, Ji’nan, CHN, 250101

Website

http://www.sinotruk.com

Sinotruk (Hong Kong) Ltd is an investment holding company. The company manages its business in four segments: Heavy Duty Trucks, which includes manufacture and sale of heavy-duty trucks, medium-heavy duty trucks, and related components; Light Duty Trucks & Others, which manufacture and sell of light-duty trucks, buses, etc. and related components; Engines segment manufactures engines & related parts; and Finance Segment. The vast majority of its revenue comes from the Heavy-duty trucks segment. Its geographical segments are Mainland China and Overseas.

Sinotruk (Hong Kong) (Sinotruk (Hong Kong)) Headlines

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