GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen Tonge Group Co Ltd (SZSE:000090) » Definitions » Momentum Rank

Shenzhen Tonge Group Co (SZSE:000090) Momentum Rank : 8 (As of May. 25, 2024)


View and export this data going back to 1999. Start your Free Trial

What is Shenzhen Tonge Group Co Momentum Rank?

Shenzhen Tonge Group Co has the Momentum Rank of 8.

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 Tonge Group Co's Momentum Rank

For the Engineering & Construction subindustry, Shenzhen Tonge Group 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 Tonge Group Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shenzhen Tonge Group Co's Momentum Rank distribution charts can be found below:

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



Shenzhen Tonge Group Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Shenzhen Tonge Group Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


Shenzhen Tonge Group Co (SZSE:000090) Business Description

Traded in Other Exchanges
N/A
Address
No. 7058 Hongli West Road, City Administration Building, 7-8F, Futian District, Shenzhen, Guangdong, CHN, 518034
Shenzhen Tonge Group Co Ltd is an engineering and construction industry. The company is engaged in urban construction, comprehensive development, and urban services.
Executives
Jiang Jian Executives
Han De Hong Director
Xiao Jie An Supervisors
He Yun Wu Executives
Tong Qing Huo Director
Zhou Zhi Ming Supervisors
Lu Wei Hong Securities Affairs Representative
Li Zi Xiang Director
Fu Xiong Yi Executives
Wang Cheng Mei Supervisors
Jiang Yong Gui Directors, executives
Wei Zhi Executives
Yan Ji Pei Executives, supervisors
Xu Zhao Song Executives

Shenzhen Tonge Group Co (SZSE:000090) Headlines

No Headlines