Shandong Xinchao Energy (SHSE:600777) Momentum Rank : 1 (As of Jan. 18, 2025)

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What is Shandong Xinchao Energy Momentum Rank?

Shandong Xinchao Energy has the Momentum Rank of 1.

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 Shandong Xinchao Energy's Momentum Rank

For the Oil & Gas E&P subindustry, Shandong Xinchao Energy'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.

Shandong Xinchao Energy's Momentum Rank Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Shandong Xinchao Energy's Momentum Rank falls into.

Shandong Xinchao Energy Momentum Rank Related Terms

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Shandong Xinchao Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shandong Xinchao Energy Corp Ltd (SHSE:600777) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 301, Gangcheng East Street, Floor 14, Building B, Nanshan Century Building, Laishan District, Shandong Province, Yantai, CHN

Website

http://www.xinchaoshiye.com

Shandong Xinchao Energy Corp Ltd is engaged in overseas oil and gas exploration, production, and sale.

Executives

Du Jing	Director
Yang Xiao Yun	Director
Yu Xuan	Director
He Zai Quan	senior management
Hu Guang Jun	Director
Huang Wan Zhen	Director
Liu Zhi Yu	Supervisors
Jiang Hua	senior management
Jiang Xue Rong	Director
Chang Ming De	Supervisors
He Rong Quan	senior management
Ge Pei Le	Supervisors
Jian Shi Hui Zhu Xi	Supervisors
Dong Shi Zhang	Director
Fu Zong Jing Li Jian Zong Fa Lv Gu Wen	senior management

Shandong Xinchao Energy Headlines

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