GCL New Energy Holdings (HKSE:00451) Momentum Rank : 8 (As of Jun. 19, 2024)

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What is GCL New Energy Holdings Momentum Rank?

GCL New Energy Holdings has the Momentum Rank of 8.

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 GCL New Energy Holdings's Momentum Rank

For the Utilities - Renewable subindustry, GCL New Energy 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.

GCL New Energy Holdings's Momentum Rank Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, GCL New Energy Holdings's Momentum Rank distribution charts can be found below:

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

GCL New Energy Holdings Momentum Rank Related Terms

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GCL New Energy Holdings (HKSE:00451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » GCL New Energy Holdings Ltd (HKSE:00451) » Definitions » Momentum Rank

Traded in Other Exchanges

SMTLF:USA TJI:Germany

Address

28 Xinqing Road, Industrial Park, GCL New Energy Center, Suzhou, CHN

Website

http://www.gclnewenergy.com

GCL New Energy Holdings Ltd is an investment holding company that engages in the sale of electricity and development, construction, operation, and management of solar power plants. The company generates nearly all of its revenue from China.

Executives

Elite Time Global Limited
Asia Pacific Energy Fund Limited
Credit Suisse Trust Limited
Dongsheng Photovoltaic Technology (hong Kong) Limited
Gcl Technology Holdings Limited
Zhu Gongshan
Zhu Yufeng
Xie Xin Ji Cheng Ke Ji Gu Fen You Xian Gong Si
Invesco Exchange-traded Fund Trust Ii - Invesco Solar Etf	2106 Person having a security interest in shares
Invesco Capital Management Llc	2102 Investment manager
The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
Shang Hai Qi Xun Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Ying Kou Qi Yin Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Jiang Su Xie Xin Jian She Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Ju Rong Xie Xin Ji Cheng Ke Ji You Xian Gong Si	2201 Interest of corporation controlled by you

GCL New Energy Holdings (HKSE:00451) Headlines

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