China Water Affairs Group (HKSE:00855) Momentum Rank : 8 (As of Jun. 07, 2024)

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What is China Water Affairs Group Momentum Rank?

China Water Affairs Group 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 China Water Affairs Group's Momentum Rank

For the Utilities - Regulated Water subindustry, China Water Affairs Group'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.

China Water Affairs Group's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Water Affairs Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Water Affairs Group's Momentum Rank falls into.

China Water Affairs Group Momentum Rank Related Terms

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China Water Affairs Group (HKSE:00855) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Water Affairs Group Ltd (HKSE:00855) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CWAFF:USA CUBB:Germany

Address

18 Harbour Road, Central Plaza, Suite 6408, 64th Floor, Wanchai, Hong Kong, HKG

Website

http://www.chinawatergroup.com

China Water Affairs Group Ltd is a Chinese water utility company that builds, operates, and invests in water affairs projects in China. The firm's primary segments include City water supply operation, main contractor construction, Environmental protection, and Property development and investment, Pipeline direct drinking water supply. It generates a majority of its revenue from the City water supply operation segment. Geographically, the company generates a major share of its revenue from the People's Republic of China.

Executives

Orix Corporation	2201 Interest of corporation controlled by you
Duan Chuan Liang	2101 Beneficial owner

China Water Affairs Group (HKSE:00855) Headlines

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