BeijingWest Industries International (BeijingWest Industries International) Momentum Rank : 5 (As of Jun. 22, 2024)

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What is BeijingWest Industries International Momentum Rank?

BeijingWest Industries International has the Momentum Rank of 5.

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 BeijingWest Industries International's Momentum Rank

For the Auto Parts subindustry, BeijingWest Industries International'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.

BeijingWest Industries International's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, BeijingWest Industries International's Momentum Rank distribution charts can be found below:

* The bar in red indicates where BeijingWest Industries International's Momentum Rank falls into.

BeijingWest Industries International Momentum Rank Related Terms

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BeijingWest Industries International (BeijingWest Industries International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BeijingWest Industries International Ltd (OTCPK:NFGRF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

02339:Hong Kong

Address

39 Gloucester Road, Rooms 1005-06, 10th Floor, Harcourt Building, Wanchai, Hong Kong, HKG

Website

https://www.bwi-intl.com.hk

BeijingWest Industries International Ltd is a China-based company engaged in the manufacturing, sale and trading of automotive parts and components. It is involved in one business segment, namely, Manufacturing and sales of auto parts. The company's products include Suspension and brake products. It also provides technical services related to its products. The company operates in the United Kingdom, Germany, United States, Mainland China, and other countries. The company generates the majority of its revenue from the sale of its industrial products.

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