Chenqi Technology (HKSE:09680) Momentum Rank : 0 (As of May. 02, 2025)

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What is Chenqi Technology Momentum Rank?

Chenqi Technology has the Momentum Rank of 0.

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.

Chenqi Technology Momentum Rank Related Terms

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Chenqi Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Chenqi Technology Ltd (HKSE:09680) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kaitai Avenue, No. 30-4, Huangpu District, Guangdong Province, Guangzhou, CHN

Website

https://www.ruqimobility.com

Chenqi Technology Ltd a mobility service company in China primarily offering ride-hailing services. It serve and connect various participants of the mobility industry including the riders, drivers, automobile OEMs, vehicle service providers and autonomous driving solution providers, The company operates three reportable segments: Mobility services business, Technology services business and Fleet sale and maintenance business. Key revenue is generated from Mobility services business which includes provision of ride-hailing services, Robotaxi services, hitch services and other related services.

Executives

Tencent Holdings Limited
Tencent Mobility Limited
Guangzhou Automobile Industry Group Co., Ltd.	2201 Interest of corporation controlled by you
China Lounge Investments Limited	2101 Beneficial owner
Guangzhou Automobile Group Co., Ltd.	2201 Interest of corporation controlled by you
Didi Global Inc.	2201 Interest of corporation controlled by you
Hongkong Pony Ai Limited	2101 Beneficial owner
Peng Jun	2201 Interest of corporation controlled by you
Pony Ai Inc.	2201 Interest of corporation controlled by you

Chenqi Technology Headlines

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