Rizhao Port Jurong Co (HKSE:06117) Momentum Rank : 9 (As of May. 02, 2025)

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What is Rizhao Port Jurong Co Momentum Rank?

Rizhao Port Jurong Co has the Momentum Rank of 9.

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 Rizhao Port Jurong Co's Momentum Rank

For the Marine Shipping subindustry, Rizhao Port Jurong 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.

Rizhao Port Jurong Co's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Rizhao Port Jurong Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Rizhao Port Jurong Co's Momentum Rank falls into.

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Rizhao Port Jurong Co Momentum Rank Related Terms

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Rizhao Port Jurong Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Rizhao Port Jurong Co Ltd (HKSE:06117) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Haibin 5th Road, South End, Donggang District, Shandong Province, Rizhao, CHN, 276826

Website

http://www.rzportjurong.com

Rizhao Port Jurong Co Ltd is engaged in port operation in Rizhao City, Shandong Province of the PRC, which includes handling grains, woodchips and dried tapioca along with berth leasing, port services such as warehousing, cargo storage, and related supporting business. It provides comprehensive port-related services, including stevedoring, berth leasing, port management, storage, and logistics agency services, mainly covering soybeans, dried tapioca, woodchips, maize, and vegetable oils. Geographically, it derives all of its revenue from China.

Executives

Jurong Port Pte Ltd	2201 Interest of corporation controlled by you
Jurong Port Rizhao Holding Pte Ltd	2101 Beneficial owner
Dong Fang Ji Jin Guan Li You Xian Ze Ren Gong Si

Rizhao Port Jurong Co Headlines

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