Enviro Energy International Holdings (Enviro Energy International Holdings) Momentum Rank : 3 (As of May. 21, 2024)

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What is Enviro Energy International Holdings Momentum Rank?

Enviro Energy International Holdings 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 Enviro Energy International Holdings's Momentum Rank

For the Building Materials subindustry, Enviro Energy International 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.

Enviro Energy International Holdings's Momentum Rank Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Enviro Energy International Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Enviro Energy International Holdings's Momentum Rank falls into.

Enviro Energy International Holdings Momentum Rank Related Terms

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Enviro Energy International Holdings (Enviro Energy International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Enviro Energy International Holdings Ltd (OTCPK:EIHLF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

01102:Hong Kong

Address

No. 9 Des Voeux Road West, 20 Floor, Sheung Wan, Hong Kong, HKG

Website

http://www.enviro-energy.com.hk

Enviro Energy International Holdings Ltd is an investment holding company engaged in the sales of materials business and property investment in Hong Kong and the People's Republic of China. It has two operating segments; the Sale of materials business segment and Properties investment segment. Its Sale of materials business segment generates the majority of its revenue. Geographically, it derives a majority of its revenue from the People's Republic of China.

Enviro Energy International Holdings (Enviro Energy International Holdings) Headlines

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