Guodian Technology & Environment Group (HKSE:01296) Momentum Rank : 0 (As of May. 27, 2024)

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What is Guodian Technology & Environment Group Momentum Rank?

Guodian Technology & Environment Group 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.

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Guodian Technology & Environment Group (HKSE:01296) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guodian Technology & Environment Group Corp Ltd (HKSE:01296) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

W.4th Ring Middle Road, Suite 1101, 11th Floor, Building 1, Yard 16, Haidian District, Beijing, CHN, 100039

Website

http://www.khjt.com.cn

Guodian Technology & Environment Group Corp Ltd together with its subsidiaries offers flagship platform for environmental protection and energy conservation solutions businesses. It operates in the following segments: Environmental Protection; Energy Conservation Solutions; Wind Power Products and Services; and All Others. The Environmental Protection segment offers environmental protection products and services which mainly consist of sulphur oxide, nitrogen oxide control technologies, rental of desulphurization and denitrification facilities. Energy Conservation Solutions segment which derives the majority of revenue covers energy-saving products and services. Wind Power Products and Services segment manufactures and sells wind turbine parts and components.

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