Boer Power Holdings (FRA:BOE) Momentum Rank : 2 (As of Jun. 24, 2024)

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What is Boer Power Holdings Momentum Rank?

Boer Power Holdings has the Momentum Rank of 2.

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 Boer Power Holdings's Momentum Rank

For the Industrial Distribution subindustry, Boer 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.

Boer Power Holdings's Momentum Rank Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Boer Power Holdings's Momentum Rank distribution charts can be found below:

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

Boer Power Holdings Momentum Rank Related Terms

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Boer Power Holdings (FRA:BOE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Boer Power Holdings Ltd (FRA:BOE) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

01685:Hong Kong

Address

Luoyang Road, Yangshi Industrial Park, Huishan District, Jiangsu Province, Wuxi, CHN, 214187

Website

http://www.boerpower.com

Boer Power Holdings Ltd is engaged in designing, manufacturing, and sale of electrical distribution equipment, and provision of electrical distribution systems solution services in the PRC. The business has two segments - IEM Solutions, which include sale of electrical distribution systems, EPC projects, and sale of electricity and Components and Spare Parts Business segment, which include components and spare parts for application on electrical distribution equipment or the basic function units of the solutions and sells such components and spare parts to the customers. Maximum revenue is generated by the IEM solutions segment.

Boer Power Holdings (FRA:BOE) Headlines

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