Ningbo Construction Co (SHSE:601789) Momentum Rank : 6 (As of May. 03, 2025)

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What is Ningbo Construction Co Momentum Rank?

Ningbo Construction Co has the Momentum Rank of 6.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Ningbo Construction Co's Momentum Rank

For the Engineering & Construction subindustry, Ningbo Construction 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.

Ningbo Construction Co's Momentum Rank Distribution in the Construction Industry

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

* The bar in red indicates where Ningbo Construction Co's Momentum Rank falls into.

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Ningbo Construction Co Momentum Rank Related Terms

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Ningbo Construction Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ningbo Construction Co Ltd (SHSE:601789) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.538, Ningtong Road, Yinzhou District, Ningbo, CHN, 315040

Website

http://www.jiangong.com.cn

Ningbo Construction Co Ltd is a China-based construction company. It is engaged in the housing construction and general construction business. In addition, the company is also involved in the operation of civil engineering, engineering design, municipal garden, equipment installation and equipment leasing. Its business scope covers engineering survey, architectural design, housing construction and municipal general contracting, rail transit, mechanical and electrical equipment installation, decoration and decoration, steel structure, commercial concrete and prefabricated components. The business segments of the company are the Survey and design section, General contracting sector, and Industrial building sector.

Executives

Chen Xian Hua	Director
Pan Xin Qiang	Director
Chen Jian Guo	Director
Li Zhang Chun	senior management
Weng Hai Yong	Director
Lu Xiang Kang	Supervisors
Yu Wu Zheng	Supervisors
Chen Bao Kang	senior management
Wang Shan Bo	Director
Meng Wen Hua	Director
Xu Wen Wei	Director
Huang Huan Jun	senior management
Zhou Gang Xiang	Supervisors
Li Shui Ming	senior management

Ningbo Construction Co Headlines

No Headlines