Can Don Hydro Power JSC (STC:SJD) Momentum Rank : 0 (As of Dec. 14, 2024)

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What is Can Don Hydro Power JSC Momentum Rank?

Can Don Hydro Power JSC 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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Can Don Hydro Power JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Can Don Hydro Power JSC (STC:SJD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Thanh Binh Town, Bu Dop District, Binh Phuoc, VNM

Website

http://www.candon.com.vn

Can Don Hydro Power JSC is a Vietnam based company engaged in the production and trade of electricity. It is also involved in Investing in small and medium power projects; Construction of civil, industrial, transport, irrigation, post, technical infrastructure works in urban and industrial zones, water supply and drainage work, transmission lines and substations; Manufacturing and trading of construction materials, machinery and equipment; Receiving and transporting materials and equipment; Business hotel services; Training officials and employees operating hydroelectric plants; and Trading and aquaculture and afforestation.