Beijing Jingcheng Machinery Electric Co (SHSE:600860) Momentum Rank : 8 (As of Jun. 23, 2024)

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What is Beijing Jingcheng Machinery Electric Co Momentum Rank?

Beijing Jingcheng Machinery Electric Co has the Momentum Rank of 8.

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.

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Competitive Comparison of Beijing Jingcheng Machinery Electric Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Beijing Jingcheng Machinery Electric 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.

Beijing Jingcheng Machinery Electric Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Beijing Jingcheng Machinery Electric Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Beijing Jingcheng Machinery Electric Co's Momentum Rank falls into.

Beijing Jingcheng Machinery Electric Co Momentum Rank Related Terms

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Beijing Jingcheng Machinery Electric Co (SHSE:600860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Beijing Jingcheng Machinery Electric Co Ltd (SHSE:600860) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

00187:Hong Kong

Address

No. 2 Huo Xian Nan San Road, Huo Xian Town, Tongzhou District, Beijing, CHN, 101109

Website

https://www.jingchenggf.com.cn

Beijing Jingcheng Machinery Electric Co Ltd is a manufacturer of gas storage and transportation equipment. It offers various services including the development, design, installation, and maintenance of cryogenic containers, compressors; machinery equipment, and electrical equipment. The company's products include seamless cylinders, wrapped composite cylinders, portable oxygen supply units for medical purposes, LNG fuel tanks, cryogenic gas cylinders, bottle and cylinder gasifiers, refueling stations, and systematic solutions among others. It has a sales network in the United States, Singapore, Korea, India, Australia, and other countries.

Executives

Tian Fu Ren	Supervisors
Xue Ke Xin	Supervisors

Beijing Jingcheng Machinery Electric Co (SHSE:600860) Headlines

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