Changchai Co (SZSE:000570) Momentum Rank : 7 (As of Jun. 16, 2024)

View and export this data going back to 1994. Start your Free Trial

What is Changchai Co Momentum Rank?

Changchai Co has the Momentum Rank of 7.

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 Changchai Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Changchai 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.

Changchai Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Changchai Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Changchai Co's Momentum Rank falls into.

Changchai Co Momentum Rank Related Terms

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

Changchai Co (SZSE:000570) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Changchai Co Ltd (SZSE:000570) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

200570:China

Address

123 Huaide Middle Road, Jiangsu Province, Changzhou, CHN, 213002

Website

http://www.changchai.com.cn

Changchai Co Ltd is a China-based company engaged in the manufacture and distribution of diesel engines and related spare parts. The company specializes in the manufacture and sale of diesel engines, diesel engine fittings, and castings, gasoline engines, gasoline engine fittings, cereal harvesting machinery, rotovators, walking tractors, molds, and jigs as well as the assembly and sale of the diesel engine and gasoline engine supporting sets. It mainly manufactures and sells small and medium-sized single-cylinder and multi-cylinder diesel engines under the brand of Changchai, which are often used in tractors, combine-harvesters, light commercial vehicles, agriculture equipment, small-sized engineering machinery, generator sets, and ship machines.

Executives

Xu Qian	Director
Zhang Jun Yuan	Director
Wu Ke Yun	Supervisors
Lu Gang	Director
Lv Wei Min	Supervisors
Lu Zhong Gui	Supervisors

Changchai Co (SZSE:000570) Headlines

No Headlines