Tianneng Power International (HKSE:00819) Momentum Rank : 4 (As of May. 26, 2024)

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What is Tianneng Power International Momentum Rank?

Tianneng Power International 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 Tianneng Power International's Momentum Rank

For the Auto Parts subindustry, Tianneng Power International'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.

Tianneng Power International's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tianneng Power International's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tianneng Power International's Momentum Rank falls into.

Tianneng Power International Momentum Rank Related Terms

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Tianneng Power International (HKSE:00819) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tianneng Power International Ltd (HKSE:00819) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

TIANF:USA

Address

18 Harbour Road, Suite 3202, 32nd Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

https://www.tianneng.com.hk

Tianneng Power International Ltd is an electronic components company. It operates through two business segments: sales of batteries and battery-related accessories, and trading of new energy material. The company is primarily engaged in manufacturing and selling of lead-acid batteries and battery-related accessories including motive, solar, and wind-powered batteries, lithium battery products, electrical bicycle batteries, and special-purpose batteries mainly used for electrical vehicles, and energy storage battery, among others. A vast majority of revenue is generated by the company's sale of batteries and battery-related accessories segment, and the company earns most of its revenue in The People's Republic of China.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Yang Yaping	2202 Interest of your spouse
Zhang Tianren	2201 Interest of corporation controlled by you
Prime Leader Global Limited	2101 Beneficial owner

Tianneng Power International (HKSE:00819) Headlines

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