Henan Yuneng Hodings Co (SZSE:001896) Momentum Rank : 9 (As of Jun. 19, 2024)

View and export this data going back to 1998. Start your Free Trial

What is Henan Yuneng Hodings Co Momentum Rank?

Henan Yuneng Hodings Co has the Momentum Rank of 9.

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 Henan Yuneng Hodings Co's Momentum Rank

For the Utilities - Regulated Electric subindustry, Henan Yuneng Hodings 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.

Henan Yuneng Hodings Co's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Henan Yuneng Hodings Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Henan Yuneng Hodings Co's Momentum Rank falls into.

Henan Yuneng Hodings Co Momentum Rank Related Terms

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

Henan Yuneng Hodings Co (SZSE:001896) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Henan Yuneng Hodings Co Ltd (SZSE:001896) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Hehuan Street, New and High-Technology Development Zone, Zhengzhou, Henan, CHN, 450001

Website

http://www.yuneng.com.cn

Henan Yuneng Hodings Co Ltd is a China-based company engaged in the development, generation and distribution of electricity. The company's main business is investment management of energy projects based on power production, high tech development, promotion and service, power materials, power environmental protection, and energy saving technology transformation.

Executives

Liu Bian Sheng	Independent director
Li Ge	Executives
Shi Xin Feng	Supervisors
Li Su An	Director
Cheng Dong Mei	Director
Lv Ji Zeng	Supervisors

Henan Yuneng Hodings Co (SZSE:001896) Headlines

No Headlines