Sinotruk Jinan Truck Co (SZSE:000951) Momentum Rank : 6 (As of May. 25, 2024)

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What is Sinotruk Jinan Truck Co Momentum Rank?

Sinotruk Jinan Truck Co has the Momentum Rank of 6.

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 Sinotruk Jinan Truck Co's Momentum Rank

For the Farm & Heavy Construction Machinery subindustry, Sinotruk Jinan Truck 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.

Sinotruk Jinan Truck Co's Momentum Rank Distribution in the Farm & Heavy Construction Machinery Industry

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

* The bar in red indicates where Sinotruk Jinan Truck Co's Momentum Rank falls into.

Sinotruk Jinan Truck Co Momentum Rank Related Terms

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Sinotruk Jinan Truck Co (SZSE:000951) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sinotruk Jinan Truck Co Ltd (SZSE:000951) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

South Head of Dangjiazhuang Town, Shizhong District, Shandong Province, Jinan, CHN, 250116

Website

http://www.cnhtc.com.cn

Sinotruk Jinan Truck Co Ltd formerly known as Cnhtc Jinan Truck Co Ltd is a China-based company operates in the heavy-duty truck industry. The business activity of the group includes research, development, manufacture, and sale of a variety of truck which includes special vehicles, military vehicles, private cars as well as engines and special chassis. Geographically operates through China and its products are made available in both Chinese and international market.

Executives

Song Qi Dong	Director
Yu You De	Director
Liu Gang	Director
Wan Chun Ling	Executives
Liu Wei	Director

Sinotruk Jinan Truck Co (SZSE:000951) Headlines

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