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Xinjiang Lixin Energy Co (SZSE:001258) Momentum Rank : 0 (As of Sep. 22, 2024)


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What is Xinjiang Lixin Energy Co Momentum Rank?

Xinjiang Lixin Energy Co has the Momentum Rank of 0.

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.

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Xinjiang Lixin Energy Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Xinjiang Lixin Energy Co Ltd (SZSE:001258) » Definitions » Momentum Rank
Comparable Companies
SHSE:688660 SHSE:600163 SHSE:601619 SZSE:000791 SZSE:000040 SHSE:605011 SHSE:600310 SHSE:600868 SHSE:603693 SZSE:000993 CEG ISX:BREN WBO:VER XPRA:CEZ OCSE:ORSTED SHSE:600025 SHSE:600905 BOM:541450 SZSE:001289 XLIS:EDPR
Traded in Other Exchanges
N/A
Address
No. 752 Kashi West Road, 5th Floor, Western Green Valley Building, Economic and Technological Development Zone, Xinjiang Uygur Autonomous Region, Urumqi, CHN, 830000
Website
Xinjiang Lixin Energy Co Ltd is engaged in the investment, development, construction and operation of wind power and photovoltaic power generation projects.

Xinjiang Lixin Energy Co Headlines

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