Hengyang Petrochemical Logistics (SGX:5PD) Momentum Rank : 9 (As of Jun. 20, 2024)

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What is Hengyang Petrochemical Logistics Momentum Rank?

Hengyang Petrochemical Logistics has the Momentum Rank of 9.

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 Hengyang Petrochemical Logistics's Momentum Rank

For the Oil & Gas Midstream subindustry, Hengyang Petrochemical Logistics'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.

Hengyang Petrochemical Logistics's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hengyang Petrochemical Logistics's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hengyang Petrochemical Logistics's Momentum Rank falls into.

Hengyang Petrochemical Logistics Momentum Rank Related Terms

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Hengyang Petrochemical Logistics (SGX:5PD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hengyang Petrochemical Logistics Ltd (SGX:5PD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Hengyang Road, Shizhuang Industrial Park, New Harbor City, Jiangsu Province, Jiangyin, CHN, 214446

Website

http://www.hyplc.com

Hengyang Petrochemical Logistics Ltd is engaged in logistic services for the petrochemical industry. The group provides storage and land transportation services for different types of bulk liquid petrochemicals, gases, and oils such as Methanol, Acetic Acid, Phenol, Acetone, Styrene, Ethylene Glycol, Polyether Polyol, Propane, Butane, Gasoline, Diesel, Kerosene, Fuel Oil and Base Oil. It's petrochemical storage business offers whole-tank leasing services for a fixed period of time (typically for one year) and spot leasing services for a period ranging from one month to three months.

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