Henan Yicheng New Energy Co (SZSE:300080) Momentum Rank : 7 (As of May. 26, 2024)

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What is Henan Yicheng New Energy Co Momentum Rank?

Henan Yicheng New Energy Co has the Momentum Rank of 7.

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.

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Competitive Comparison of Henan Yicheng New Energy Co's Momentum Rank

For the Semiconductor Equipment & Materials subindustry, Henan Yicheng New Energy 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 Yicheng New Energy Co's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Henan Yicheng New Energy Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Henan Yicheng New Energy Co's Momentum Rank falls into.

Henan Yicheng New Energy Co Momentum Rank Related Terms

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Henan Yicheng New Energy Co (SZSE:300080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Henan Yicheng New Energy Co Ltd (SZSE:300080) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Kaifeng Fine Chemical Industrial Park, Henan Province, Henan, Kaifeng, CHN, 475000

Website

http://www.xindaxin.cn

Henan Yicheng New Energy Co Ltd is engaged in the production of solar crustal wafer cutting blade, recycling of waste mortar, solar power station construction, production and sales of negative electrode materials, and production and sales of monocrystalline silicon cells.

Executives

Chang Xing Hua	Directors, executives
Wang Shao Feng	Director
Lan Xiao Long	Executives
Yang Guang Jie	Executives
Cui Qiang	Executives
Wang An Le	Director
Yang Guo Xin	Executives
Wan Jian Min	Executives
Cui Yi	Independent director
Mai Zhi Yong	Directors, executives
Song He Chen	Director
Jiang Wei Hai	Director
Xu Yu Zhu	Executives
Ji Fang Yin	Director
Hao Yu Hui	Director

Henan Yicheng New Energy Co (SZSE:300080) Headlines

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