GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Saftower International Holding Group Ltd (HKSE:08623) » Definitions » Momentum Rank

Chinaftower International Holding Group (HKSE:08623) Momentum Rank : 0 (As of Jun. 20, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Chinaftower International Holding Group Momentum Rank?

Chinaftower International Holding 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.

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

Chinaftower International Holding Group Momentum Rank Related Terms

Thank you for viewing the detailed overview of Chinaftower International Holding Group's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Chinaftower International Holding Group (HKSE:08623) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Saftower International Holding Group Ltd (HKSE:08623) » Definitions » Momentum Rank
Comparable Companies
HKSE:01166 HKSE:03919 HKSE:01750 HKSE:08136 HKSE:00725 HKSE:00724 HKSE:01710 HKSE:01399 HKSE:08132 SZSE:300750 XSWX:ABBN BKK:DELTA TSE:6503 XPAR:LR SZSE:300124 SZSE:300274 XKRX:247540 HUBB VRT SZSE:300014
Traded in Other Exchanges
N/A
Address
No. 9, Huaide Road, Sichuan-Zhejiang Cooperation Industrial Park, Guangyuan Economic and Technological Development Z, Sichuan Province, Guangyuan, CHN
Website
http://www.saftower.com
China Saftower International Holding Group Ltd is a manufacturer and supplier of wires and cables and the sale of aluminum products in the People's Republic of China. The company's products include power cables, insulated overhead cables, aerial stranded wire, control cables, and aluminum alloy power cables. The Group's revenue was all derived from customers based in the PRC.
Executives
Dang Fei 2201 Interest of corporation controlled by you
Dang Jun 2103 Interests held jointly with another person
Li Li 2202 Interest of your spouse
Red Fly Investment Limited 2101 Beneficial owner
Fu Chuanrong 2101 Beneficial owner
Gao Hong 2202 Interest of your spouse
Wang Xiaozhong 2201 Interest of corporation controlled by you
Xseven Investment Limited 2101 Beneficial owner

Chinaftower International Holding Group (HKSE:08623) Headlines

No Headlines