Xinchen China Power Holdings (STU:4XI) Momentum Rank : 5 (As of Sep. 25, 2024)

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What is Xinchen China Power Holdings Momentum Rank?

Xinchen China Power Holdings has the Momentum Rank of 5.

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 Xinchen China Power Holdings's Momentum Rank

For the Auto Parts subindustry, Xinchen China Power Holdings'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.

Xinchen China Power Holdings's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Xinchen China Power Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Xinchen China Power Holdings's Momentum Rank falls into.

Xinchen China Power Holdings Momentum Rank Related Terms

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Xinchen China Power Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Xinchen China Power Holdings Ltd (STU:4XI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

01148:Hong Kong 4XI:Germany

Address

8 Connaught Road Central, Suites 1602-05, Chater House, Hong Kong, HKG

Website

http://www.xinchenpower.com

Xinchen China Power Holdings Ltd is an investment holding company engaged in the automotive sector. The company is principally involved in the development, manufacture, and sale of automotive engines and engine parts and components for passenger vehicles and light-duty commercial vehicles. The group operates with three business segment which includes Gasoline Engines, Diesel Engines, and Engine Components. Its product includes 1TZS, Crankshaft, link, CE12, DK4, and others. The business activity of the company functions in China.

Xinchen China Power Holdings Headlines

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