Harbin Air Conditioning Co (SHSE:600202) Momentum Rank : 4 (As of Dec. 13, 2024)

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What is Harbin Air Conditioning Co Momentum Rank?

Harbin Air Conditioning Co has the Momentum Rank of 4.

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 Harbin Air Conditioning Co's Momentum Rank

For the Building Products & Equipment subindustry, Harbin Air Conditioning Co'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.

Harbin Air Conditioning Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Harbin Air Conditioning Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Harbin Air Conditioning Co's Momentum Rank falls into.

Harbin Air Conditioning Co Momentum Rank Related Terms

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Harbin Air Conditioning Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Harbin Air Conditioning Co Ltd (SHSE:600202) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25 Maimai Road, Daoli District, Harbin, Heilongjiang, CHN, 150010

Website

http://www.hac.com.cn

Harbin Air Conditioning Co Ltd in China is engaged in the designing and manufacturing of energy saving and environmentally-friendly products such as petrochemical air cooling condensers, power plant air coolers, and air conditioning HVAC equipment. Its products are widely used in petrochemical, power energy, steel and metallurgical industries.

Executives

Liu Mei Juan	senior management
Song Zhi Qiang	Director
Chen Meng	Supervisors
Zhang Hong Bi	Supervisors

Harbin Air Conditioning Co Headlines

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