HuaDian Heavy Industries Co (SHSE:601226) Momentum Rank : 10 (As of May. 06, 2024)

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What is HuaDian Heavy Industries Co Momentum Rank?

HuaDian Heavy Industries Co has the Momentum Rank of 10.

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 HuaDian Heavy Industries Co's Momentum Rank

For the Engineering & Construction subindustry, HuaDian Heavy Industries 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.

HuaDian Heavy Industries Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, HuaDian Heavy Industries Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where HuaDian Heavy Industries Co's Momentum Rank falls into.

HuaDian Heavy Industries Co Momentum Rank Related Terms

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HuaDian Heavy Industries Co (SHSE:601226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » HuaDian Heavy Industries Co Ltd (SHSE:601226) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Tower B, Huadian Industrial Park, No.6, Automobile Museum Road, Fengtai District, Beijing, CHN

Website

http://www.hhi.com.cn

HuaDian Heavy Industries Co Ltd provides engineering solutions. The company's business covers domestic and foreign power, coal, petrochemical, mining, metallurgy, port, water conservancy, building materials, urban construction and other fields. Some of the company's services are Electric metallurgy building materials, Coal petrochemical engineering, Port engineering, Overseas engineering, Internal market engineering, Operation and maintenance, and others.

HuaDian Heavy Industries Co (SHSE:601226) Headlines

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