Chaowei Power Holdings (Chaowei Power Holdings) Momentum Rank : 7 (As of May. 10, 2024)

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What is Chaowei Power Holdings Momentum Rank?

Chaowei Power Holdings has the Momentum Rank of 7.

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 Chaowei Power Holdings's Momentum Rank

For the Auto Parts subindustry, Chaowei Power Holdings'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.

Chaowei Power Holdings's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Chaowei Power Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Chaowei Power Holdings's Momentum Rank falls into.

Chaowei Power Holdings Momentum Rank Related Terms

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Chaowei Power Holdings (Chaowei Power Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Chaowei Power Holdings Ltd (OTCPK:CWWGF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

00951:Hong Kong EWC:Germany

Address

No. 18, Chengnan Road, Huaxi Industrial Function Area, Changxing County, Zhejiang Province, Huzhou, CHN, 313100

Website

https://www.chaowei.com.hk

Chaowei Power Holdings Ltd is a manufacturer of batteries and related products used in electric bikes, electric vehicles, and special-purpose electric vehicles. The largest business segment is the production of lead-acid batteries for electric bikes. Smaller segments produce lithium-ion batteries and related products. The company supplies its batteries directly to electric-bike manufacturers, as well as to a network of independent distributors selling batteries on the secondary market. Nearly all of Chaowei Power's revenue is generated in China.

Chaowei Power Holdings (Chaowei Power Holdings) Headlines

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