Beijing ZEHO Waterfront Ecological Environment Treatment Co (SHSE:605069) Momentum Rank : 0 (As of May. 26, 2024)

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What is Beijing ZEHO Waterfront Ecological Environment Treatment Co Momentum Rank?

Beijing ZEHO Waterfront Ecological Environment Treatment Co has the Momentum Rank of 0.

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.

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Beijing ZEHO Waterfront Ecological Environment Treatment Co (SHSE:605069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Beijing ZEHO Waterfront Ecological Environment Treatment Co Ltd (SHSE:605069) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Yongjie North Road, Room 314, 3rd Floor, Block A, Yongfeng Industrial Base, Haidian District, Beijing, CHN, 100084

Website

http://www.zeho.com.cn

Beijing ZEHO Waterfront Ecological Environment Treatment Co Ltd is engaged in the ecological protection, ecological restoration, water environment management, ecological landscape construction and planning and design services.

Executives

Yang Bo	Director
Zhang You	Director
Huang Jun	Director
Xing Lei	senior management

Beijing ZEHO Waterfront Ecological Environment Treatment Co (SHSE:605069) Headlines

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