Canvest Environmental Protection Group Co (HKSE:01381) Momentum Rank : 2 (As of May. 01, 2025)

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What is Canvest Environmental Protection Group Co Momentum Rank?

Canvest Environmental Protection Group Co has the Momentum Rank of 2.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Canvest Environmental Protection Group Co's Momentum Rank

For the Waste Management subindustry, Canvest Environmental Protection Group Co'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.

Canvest Environmental Protection Group Co's Momentum Rank Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Canvest Environmental Protection Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Canvest Environmental Protection Group Co's Momentum Rank falls into.

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Canvest Environmental Protection Group Co Momentum Rank Related Terms

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Canvest Environmental Protection Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Canvest Environmental Protection Group Co Ltd (HKSE:01381) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 San Yuan Road, Level 24, Canvest Tower, Nan Cheng District, Guangdong, Dongguan, CHN

Website

https://www.canvestenvironment.com

Canvest Environmental Protection Group Co Ltd is engaged in the operation and management of waste-to-energy (WTE) plants, the provision of environmental hygiene and related services, and integrated smart city management services. It has a single-segment WTE project construction and operation. Its revenues from business areas: Power sales, Waste treatment fees, Construction, Finance income, and Environmental hygiene and other services income. The majority of the company's revenue and assets are generated and located in China.

Executives

Lai Chun Tung	2106 Person having a security interest in shares
Lee Wing Yee Loretta	2106 Person having a security interest in shares
Best Approach Developments Limited	2106 Person having a security interest in shares
Century Rise Development Limited	2106 Person having a security interest in shares
Harvest Vista Company Limited	2106 Person having a security interest in shares
Hsbc International Trustee Limited	2106 Person having a security interest in shares
Shanghai Industrial Holdings Limited	2101 Beneficial owner
Shanghai Industrial Investment (holdings) Company Limited	2201 Interest of corporation controlled by you
Lai Kin Man	2106 Person having a security interest in shares

Canvest Environmental Protection Group Co Headlines

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