China Datang Renewable Power Co (HKSE:01798) Momentum Rank : 10 (As of Mar. 16, 2025)

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What is China Datang Renewable Power Co Momentum Rank?

China Datang Renewable Power Co has the Momentum Rank of 10.

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 China Datang Renewable Power Co's Momentum Rank

For the Utilities - Renewable subindustry, China Datang Renewable Power 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.

China Datang Renewable Power Co's Momentum Rank Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Datang Renewable Power Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Datang Renewable Power Co's Momentum Rank falls into.

China Datang Renewable Power Co Momentum Rank Related Terms

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China Datang Renewable Power Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Datang Corp Renewable Power Co Ltd (HKSE:01798) » Definitions » Momentum Rank

Traded in Other Exchanges

DT7:Germany

Address

No. 1 Caishikou Street, 8/F, Building 1, Xicheng District, Beijing, CHN, 100053

Website

http://www.cdt-re.com

China Datang Corp Renewable Power Co Ltd is a China-based company engaged in the generation and sale of wind power and other renewable power. The Company's main businesses include the development, investment, construction and management of wind power and other renewable energy sources; research and development, application and promotion of low carbon technology; research, sale, testing and maintenance. The company also operates solar power plants on a smaller scale. China Datang Group is the key shareholder with a controlling stake of more than 60%.

Executives

Chang Cheng Ren Shou Bao Xian Gu Fen You Xian Gong Si	2101 Beneficial owner
Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si	2102 Investment manager
Blackrock, Inc.	2201 Interest of corporation controlled by you
Alliancebernstein L.p.	2201 Interest of corporation controlled by you
Bao-trans Enterprises Limited	2101 Beneficial owner
Bao Shan Gang Tie Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

China Datang Renewable Power Co Headlines

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