China Resources And Environment Co (SHSE:600217) Momentum Rank : 9 (As of May. 02, 2024)

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What is China Resources And Environment Co Momentum Rank?

China Resources And Environment Co 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 China Resources And Environment Co's Momentum Rank

For the Waste Management subindustry, China Resources And Environment 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.

China Resources And Environment Co's Momentum Rank Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, China Resources And Environment Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Resources And Environment Co's Momentum Rank falls into.

China Resources And Environment Co Momentum Rank Related Terms

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China Resources And Environment Co (SHSE:600217) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » China Resources And Environment Co Ltd (SHSE:600217) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Xuanwumen Street, 8th Floor, Block B, Global Finance Center, Xicheng District, Beijing, CHN, 100052

Website

http://www.qinling.com

China Resources And Environment Co Ltd is engaged in waste electrical and electronic products dismantling business. The company's waste products are divide into plastic, glass, metal, and hazardous waste received from its customers.

China Resources And Environment Co (SHSE:600217) Headlines

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