Fujian Mindong Electric Power Co (SZSE:000993) Momentum Rank : 8 (As of Jun. 25, 2024)

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What is Fujian Mindong Electric Power Co Momentum Rank?

Fujian Mindong Electric Power 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 Fujian Mindong Electric Power Co's Momentum Rank

For the Utilities - Renewable subindustry, Fujian Mindong Electric 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.

Fujian Mindong Electric Power Co's Momentum Rank Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Fujian Mindong Electric Power Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Fujian Mindong Electric Power Co's Momentum Rank falls into.

Fujian Mindong Electric Power Co Momentum Rank Related Terms

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Fujian Mindong Electric Power Co (SZSE:000993) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Fujian Mindong Electric Power Ltd Co (SZSE:000993) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 68 Jiaocheng South Road, 3rd Floor, Building 1, Dongli Taili Garden, Jiaocheng District, Fujian province, Ningde, CHN, 352100

Website

http://www.mdep.com.cn

Fujian Mindong Electric Power Ltd Co is a China-based company principally engaged in hydro power generation and sale.

Executives

Luo Cheng Zhong	Directors, executives
Chen Ling Xu	Secretary, Director
Wu Liang Miao	Supervisors
Zhang Cheng Wen	Directors, executives
Huang Nan Shan	Independent director, within six months of separat

Fujian Mindong Electric Power Co (SZSE:000993) Headlines

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