Zhaoheng Hydropower (Zhaoheng Hydropower) Piotroski F-Score

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What is Zhaoheng Hydropower Piotroski F-Score?

Zhaoheng Hydropower does not have enough data to calculate Piotroski F-Score.

Zhaoheng Hydropower Piotroski F-Score Historical Data

The historical data trend for Zhaoheng Hydropower's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Zhaoheng Hydropower Piotroski F-Score Chart

Zhaoheng Hydropower Annual Data

Trend

Mar06

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Mar08

Piotroski F-Score

Zhaoheng Hydropower Quarterly Data
	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09
Piotroski F-Score	Get a 7-Day Free Trial			-	-	-	-	-

Zhaoheng Hydropower (OTCPK:ZHYLF) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.

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Zhaoheng Hydropower (Zhaoheng Hydropower) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Zhaoheng Hydropower Ltd (OTCPK:ZHYLF) » Definitions » Piotroski F-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit A, Shennan East Road, 19th Floor, No.5015, JingFengCheng Building, Shenzen, CHN, 518025

Website

http://www.zhyp.hk

Zhaoheng Hydropower Ltd is engaged in the investment, construction, and management of hydropower. It generates and supplies hydropower in Southwestern and Midwestern China. The company promotes the development of clean renewable energy in China.

Executives

Michael Friess	other: Former Officer & 10% Owner	5353 MANHATTAN CIRCLE, STE 101, BOULDER CO 80303
Heung Sang Fong	director	12897 REGAN LANE, SARATOGA CA 95070
Sanford Schwartz	other: Former Director & 10% Owner	5353 MANHATTAN CIRCLE, STE 101, BOULDER CO 80303
Chloe M Divita	officer: CFO/Secretary	5353 MANHATTAN CIRCLE, SUITE 101, BOULDER CO 80303

Zhaoheng Hydropower (Zhaoheng Hydropower) Headlines

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