Xin Yuan Enterprises Group (HKSE:01748) Momentum Rank : 6 (As of Jun. 25, 2024)

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What is Xin Yuan Enterprises Group Momentum Rank?

Xin Yuan Enterprises Group has the Momentum Rank of 6.

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 Xin Yuan Enterprises Group's Momentum Rank

For the Marine Shipping subindustry, Xin Yuan Enterprises 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.

Xin Yuan Enterprises Group's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Xin Yuan Enterprises Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Xin Yuan Enterprises Group's Momentum Rank falls into.

Xin Yuan Enterprises Group Momentum Rank Related Terms

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Xin Yuan Enterprises Group (HKSE:01748) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Xin Yuan Enterprises Group Ltd (HKSE:01748) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 23 Changting Street, Room 02–05, 40th Floor, International Commerce Centre, Taijiang, Fuzhou, CHN

Website

https://www.xysgroup.com

Xin Yuan Enterprises Group Ltd is an investment holding company. The company along with its holdings is engaged in providing asphalt tanker chartering and bulk carrier chartering services, and trading of asphalt. It principally provides asphalt tanker chartering services under various types of charter agreements comprising through the agreement with time charters; voyage charters and contracts of affreightment. Its operating segments include Asphalt tanker chartering services, Bulk carrier chartering services, and Asphalt trading.

Executives

Chen Yanbiao	2101 Beneficial owner
Peace Investment Limited	2101 Beneficial owner
Fan Liangquan	2201 Interest of corporation controlled by you
Lan Shaoyun	2201 Interest of corporation controlled by you
Golden Boomer Limited	2101 Beneficial owner
Hong Jian Bin	2202 Interest of your spouse
Industrial Bank Co., Ltd	2106 Person having a security interest in shares
Ni Hualing	2202 Interest of your spouse
Huan Yu Guo Ji Ke Ji Xiang Gang You Xian Gong Si	2101 Beneficial owner
Prosperous Bright Limited	2201 Interest of corporation controlled by you
Chen Maochun	2201 Interest of corporation controlled by you
Perfect Bliss Limited	2101 Beneficial owner
Xu Wenjun	2201 Interest of corporation controlled by you
Zhu Zhen	2202 Interest of your spouse
Wu Kai	2201 Interest of corporation controlled by you

Xin Yuan Enterprises Group (HKSE:01748) Headlines

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