HBIS Resources Co (SZSE:000923) Momentum Rank : 3 (As of Jun. 11, 2024)

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What is HBIS Resources Co Momentum Rank?

HBIS Resources Co has the Momentum Rank of 3.

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 HBIS Resources Co's Momentum Rank

For the Farm & Heavy Construction Machinery subindustry, HBIS Resources 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.

HBIS Resources Co's Momentum Rank Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, HBIS Resources Co's Momentum Rank distribution charts can be found below:

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

HBIS Resources Co Momentum Rank Related Terms

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HBIS Resources Co (SZSE:000923) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » HBIS Resources Co Ltd (SZSE:000923) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 21 Dongsheng Road, Xuanbei District, Hebei, Zhangjiakou, CHN, 075105

Website

http://www.hbxg.com

HBIS Resources Co Ltd, formerly Xuanhua Construction Machinery Co Ltd is mainly engaged in the production and distribution of bulldozer, loader, roller and mining components in China.

Executives

Liu Jian	Director
Niu Yan Qing	Supervisors
Wang Jian Chun	Directors, executives
Zhou Zhi Sheng	Director

HBIS Resources Co (SZSE:000923) Headlines

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