Yuexiu Transport Infrastructure (HKSE:01052) Momentum Rank : 8 (As of May. 04, 2024)

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What is Yuexiu Transport Infrastructure Momentum Rank?

Yuexiu Transport Infrastructure 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 Yuexiu Transport Infrastructure's Momentum Rank

For the Infrastructure Operations subindustry, Yuexiu Transport Infrastructure'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.

Yuexiu Transport Infrastructure's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Yuexiu Transport Infrastructure's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Yuexiu Transport Infrastructure's Momentum Rank falls into.

Yuexiu Transport Infrastructure Momentum Rank Related Terms

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Yuexiu Transport Infrastructure (HKSE:01052) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Yuexiu Transport Infrastructure Ltd (HKSE:01052) » Definitions » Momentum Rank

Traded in Other Exchanges

GZ3:Germany

Address

160 Lockhart Road, Room A, 17th Floor, Yuexiu Building, Wanchai, Hong Kong, HKG

Website

https://www.yuexiutransportinfrastructure.com

Yuexiu Transport Infrastructure Ltd is an infrastructure company focused on toll roads and bridges. The company organizes itself into two segments: toll-road operations and all other segments. The toll-road operations segment, which generates the vast majority of revenue, invests in, manages, and operates toll roads and bridges. The company is headquartered in Hong Kong, but principally generates revenue from toll-road operations in the People's Republic of China, significantly in the Guangdong Province.

Yuexiu Transport Infrastructure (HKSE:01052) Headlines

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