Shenzhen Nanshan Power Co (SZSE:000037) Momentum Rank : 9 (As of Jun. 22, 2024)

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What is Shenzhen Nanshan Power Co Momentum Rank?

Shenzhen Nanshan Power Co has the Momentum Rank of 9.

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 Shenzhen Nanshan Power Co's Momentum Rank

For the Utilities - Regulated Electric subindustry, Shenzhen Nanshan Power 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.

Shenzhen Nanshan Power Co's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Shenzhen Nanshan Power Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shenzhen Nanshan Power Co's Momentum Rank falls into.

Shenzhen Nanshan Power Co Momentum Rank Related Terms

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Shenzhen Nanshan Power Co (SZSE:000037) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shenzhen Nanshan Power Co Ltd (SZSE:000037) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

200037:China

Address

OCT, Nanshan District, 16th-17th Floor, Hantang Building, Guangdong Province, Shenzhen, CHN, 518053

Website

http://www.nsrd.com.cn

Shenzhen Nanshan Power Co Ltd is engaged in power and thermal supply, as well as providing technical consulting and technical services for power stations. The company has two wholly-owned or holding gas turbine plants, which are equipped with seven sets of 9E gas-steam combined cycle power generating units. These two gas turbine plants are all located in the power load center of the Pearl River Delta area, which is the main peaking power source in their areas. Its segments include Power and Heat Supply, Fuel Oil Trade, and other business.

Executives

Ye Qi Liang	Supervisors
Wu Dong Xiang	Directors, executives
Huang Jian	Executives
Yang Hai Xian	Director
Yang Wen Hua	Director
Li Hong Sheng	Director
Peng Bo	Supervisors
Wang Ren Dong	Executives

Shenzhen Nanshan Power Co (SZSE:000037) Headlines

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