Jianzhong Construction Development (HKSE:00589) Momentum Rank : 4 (As of Jun. 17, 2024)

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What is Jianzhong Construction Development Momentum Rank?

Jianzhong Construction Development has the Momentum Rank of 4.

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 Jianzhong Construction Development's Momentum Rank

For the Engineering & Construction subindustry, Jianzhong Construction Development'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.

Jianzhong Construction Development's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Jianzhong Construction Development's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Jianzhong Construction Development's Momentum Rank falls into.

Jianzhong Construction Development Momentum Rank Related Terms

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Jianzhong Construction Development (HKSE:00589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jianzhong Construction Development Ltd (HKSE:00589) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.33 Zhaoqiang Road, 2002, Jinlan Building, Mawei District, Fujian, Fuzhou, CHN

Website

https://www.fjjzkj.com

Jianzhong Construction Development Ltd is a construction services provider based in Fujian Province offering solutions in foundation works. The company foundation works including bored piles, H-piles, Larssen sheet piles, diaphragm walls, and tunnelling works. Its other construction services including formwork and scaffolding works including formwork and falsework design, manufacturing of scaffold and erection services; construction of sewage treatment infrastructure; and other construction work mainly E&M engineering works. Its segments include Construction service; Equipment operation service; Sewage treatment operation; and Others that include sales of construction materials and equipment and others.

Executives

Furi Investment Limited	2101 Beneficial owner
Leng Yan	2202 Interest of your spouse
Xun Liangbao	2201 Interest of corporation controlled by you
Xun Minghong	2201 Interest of corporation controlled by you
Mhx Investment Limited	2101 Beneficial owner
Song Dongling	2202 Interest of your spouse
Cv Construction Capital Limited	2101 Beneficial owner
An Hui Hai Luo Chuang Ye Tou Zi You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Hai Luo Chuang Ye Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Yi Jiang Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Yi Jiang Guo Ji You Xian Gong Si	2201 Interest of corporation controlled by you

Jianzhong Construction Development (HKSE:00589) Headlines

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