Huadian Power International (HKSE:01071) Momentum Rank : 9 (As of May. 24, 2024)

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What is Huadian Power International Momentum Rank?

Huadian Power International has the Momentum Rank of 9.

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 Huadian Power International's Momentum Rank

For the Utilities - Regulated Electric subindustry, Huadian 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.

Huadian Power International's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Huadian Power International's Momentum Rank distribution charts can be found below:

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

Huadian Power International Momentum Rank Related Terms

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Huadian Power International (HKSE:01071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Huadian Power International Corp Ltd (HKSE:01071) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SHX:Germany 600027:China

Address

No. 2 Xuanwumennei Street, Xicheng District, Beijing, CHN, 100031

Website

https://www.hdpi.com.cn

Huadian Power International Corp Ltd is engaged in the generation of electricity and heat, sales of coal and other relevant businesses in the PRC.

Huadian Power International (HKSE:01071) Headlines

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