CM Energy Tech Co (HKSE:00206) Momentum Rank : 9 (As of Jun. 24, 2024)

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What is CM Energy Tech Co Momentum Rank?

CM Energy Tech Co has the Momentum Rank of 9.

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 CM Energy Tech Co's Momentum Rank

For the Oil & Gas Equipment & Services subindustry, CM Energy Tech Co'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.

CM Energy Tech Co's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CM Energy Tech Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where CM Energy Tech Co's Momentum Rank falls into.

CM Energy Tech Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of CM Energy Tech Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

CM Energy Tech Co (HKSE:00206) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CM Energy Tech Co Ltd (HKSE:00206) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 51 Kwai Cheong Road, Room A, 31st Floor, Tower 2, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.cm-energy.com

CM Energy Tech Co Ltd's primary business is offshore wind power installation, core equipment technology, products and services in the green and clean energy and oil and gas exploration industries, and offshore engineering asset management business.

Executives

Zhao Shang Ju Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
China Merchants & Great Wall Ocean Strategy & Technology Fund (l.p.)	2201 Interest of corporation controlled by you
China Merchants Great-wall Gp Limited	2201 Interest of corporation controlled by you
Prime Force Investment Corporation	2101 Beneficial owner
China International Marine Containers (group) Co., Ltd.	2201 Interest of corporation controlled by you
China International Marine Containers (hong Kong) Limited	2101 Beneficial owner
China State Shipbuilding Corporation Limited	2201 Interest of corporation controlled by you
Cssc Huangpu Wenchong Shipbuilding Company Limited	2201 Interest of corporation controlled by you
Cssc Offshore & Marine Engineering (group) Company Limited	2201 Interest of corporation controlled by you
Wah Shun International Marine Limited	2101 Beneficial owner
Minyun Limited	2201 Interest of corporation controlled by you
Chen Fengying	2202 Interest of your spouse
Zhang Jiuli	2202 Interest of your spouse
Zhang Menggui	2201 Interest of corporation controlled by you
Jiang Bing Hua	2201 Interest of corporation controlled by you

CM Energy Tech Co (HKSE:00206) Headlines

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