REPT BATTERO Energy Co (HKSE:00666) Momentum Rank : 0 (As of Jun. 20, 2024)

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What is REPT BATTERO Energy Co Momentum Rank?

REPT BATTERO Energy Co has the Momentum Rank of 0.

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.

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REPT BATTERO Energy Co (HKSE:00666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » REPT BATTERO Energy Co Ltd (HKSE:00666) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

L52:Germany

Address

Binhai 6th Road, Room A205, Building C No. 205, Airport New Area, Longwan District, Zhejiang, Wenzhou, CHN

Website

https://www.chinarept.com

REPT BATTERO Energy Co Ltd is a lithium-ion battery manufacturer company in China. It focuses on the research & development, production, and sales of EV and ESS lithium-ion battery products including battery cells, modules, and packs (including battery boxes, battery racks, and energy storage containers for ESS packs). Its segment includes the sale of EV battery products, ESS battery products, wastes, battery components, and R&D services.

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