Sany Heavy Equipment International Holdings Co (Sany Heavy Equipment International Holdings Co) Momentum Rank : 3 (As of May. 16, 2024)

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What is Sany Heavy Equipment International Holdings Co Momentum Rank?

Sany Heavy Equipment International Holdings Co has the Momentum Rank of 3.

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 Sany Heavy Equipment International Holdings Co's Momentum Rank

For the Farm & Heavy Construction Machinery subindustry, Sany Heavy Equipment International Holdings 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.

Sany Heavy Equipment International Holdings Co's Momentum Rank Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Sany Heavy Equipment International Holdings Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sany Heavy Equipment International Holdings Co's Momentum Rank falls into.

Sany Heavy Equipment International Holdings Co Momentum Rank Related Terms

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Sany Heavy Equipment International Holdings Co (Sany Heavy Equipment International Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sany Heavy Equipment International Holdings Co Ltd (OTCPK:SNYYF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

00631:Hong Kong YXS:Germany

Address

No. 25, 16 Kaifa Road, Economic and Technological Development Area, Liaoning Province, Shenyang, CHN, 110000

Website

http://www.sanyhe.com

Sany Heavy Equipment International Holdings Company Limited is a China-based investment holding company. The Company mainly conducts its businesses through two segments. The Mining Equipment segment is mainly engaged in the production and sales of coal machinery, non-coal mining, mining vehicles, robots and smart mining products and accessories, as well as the provision of related services. The Logistics Equipment segment is mainly engaged in the production and sales of container equipment, bulk material equipment, general equipment and accessories and the provision of related services. The Company conducts its businesses in the domestic market and overseas markets.

Sany Heavy Equipment International Holdings Co (Sany Heavy Equipment International Holdings Co) Headlines

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