Tong Petrotech (SZSE:300164) Momentum Rank : 5 (As of Mar. 22, 2025)

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What is Tong Petrotech Momentum Rank?

Tong Petrotech has the Momentum Rank of 5.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Tong Petrotech's Momentum Rank

For the Oil & Gas Equipment & Services subindustry, Tong Petrotech'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.

Tong Petrotech's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tong Petrotech's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tong Petrotech's Momentum Rank falls into.

Tong Petrotech Momentum Rank Related Terms

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Tong Petrotech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tong Petrotech Corp (SZSE:300164) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 51 Tangyan Road, 13th Floor, Block A, Life One Center, High-tech Zone, Xi'an, CHN, 710065

Website

http://www.tongoiltools.com

Tong Petrotech Corp is engaged in offering oil recovery, drilling and completion technical services, fracturing technology services, CBM technical services, and block integrating contracting services. The technical services provided by the company include compound perforating, drilling, and integrated big bag service.

Executives

Zhang Guo An	Director
Zhang Zhi Jian	Director
Ren Yan Zhong	Directors, executives
Zhang Bai Shuang	Executives
Wang Hong Wei	Securities Affairs Representative
Zhang Ming	Supervisors
Liu Yin Zhong	Executives
Tian Yi	Executives
Chen Yan	Supervisors
Wu Chi Yan	Director
Huang Jian Qing	Director
Zhou Zhi Hua	Supervisors

Tong Petrotech Headlines

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