Power Engineering Consulting Joint Stock No 2 (STC:TV2) Momentum Rank : 0 (As of Jun. 23, 2024)

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What is Power Engineering Consulting Joint Stock No 2 Momentum Rank?

Power Engineering Consulting Joint Stock No 2 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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Power Engineering Consulting Joint Stock No 2 (STC:TV2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Power Engineering Consulting Joint Stock No 2 (STC:TV2) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

32 Ngo Thoi Nhiem Street, Ward 7, District 3, Ho Chi Minh, VNM

Website

https://www.pecc2.com

Power Engineering Consulting Joint Stock No 2 offers power engineering consultancy and engineering, procurement and construction (EPC) services. Its main business activities include planning, investigation, design, supervision and construction management of electric power projects as well as other industrial and civil utilities; manufacture of steel structures and environmental equipment for power, civil and telecom projects; project construction investment. The company has operated various projects including thermal and nuclear power project, power network project, hydro power and renewable energy project, among others.

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