Guangzhou Development Group (SHSE:600098) Momentum Rank : 6 (As of Jun. 18, 2024)

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What is Guangzhou Development Group Momentum Rank?

Guangzhou Development Group has the Momentum Rank of 6.

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 Guangzhou Development Group's Momentum Rank

For the Thermal Coal subindustry, Guangzhou Development Group'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.

Guangzhou Development Group's Momentum Rank Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Guangzhou Development Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Guangzhou Development Group's Momentum Rank falls into.

Guangzhou Development Group Momentum Rank Related Terms

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Guangzhou Development Group (SHSE:600098) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Guangzhou Development Group Inc (SHSE:600098) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

28/F, Development Center, No. 3 Linjiang Avenue, Zhujiang Xincheng, Guangzhou, CHN

Website

http://www.gdg.com.cn

Guangzhou Development Group Incorporated is a China-based company operating in the integrated energy business. It is engaged in the investment, construction, development, and operation of electric power, coal, oil products, natural gas and new energy. The company is also involved in the energy logistics business.

Executives

Wu Xu	Director
Feng Kai Yun	Director
Li Shuang Yin	Supervisors
Yang Dan De	Director

Guangzhou Development Group (SHSE:600098) Headlines

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