GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Weichai Power Co Ltd (OTCPK:WEICF) » Definitions » Momentum Rank

Weichai Power Co (Weichai Power Co) Momentum Rank : 6 (As of May. 06, 2024)


View and export this data going back to 2004. Start your Free Trial

What is Weichai Power Co Momentum Rank?

Weichai Power Co has the Momentum Rank of 6.

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 Weichai Power Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Weichai 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.

Weichai Power Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Weichai Power Co's Momentum Rank distribution charts can be found below:

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


Weichai Power Co Momentum Rank Related Terms

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

Weichai Power Co (Weichai Power Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Weichai Power Co Ltd (OTCPK:WEICF) » Definitions » Momentum Rank
Comparable Companies
SZSE:300308 SHSE:600406 SZSE:002050 SHSE:601100 SHSE:601727 SHSE:688303 SHSE:688169 SHSE:600875 SHSE:600482 SZSE:300450 XTER:SIE XPAR:SU ETN OSTO:ATCO A ITW PH XKRX:373220 EMR AME CMI
Traded in Other Exchanges
02338:Hong Kong WI4:Germany 000338:China
Address
197, Section A, Fu Shou East Street, High Technology Industrial Development Zone, Shandong Province, Weifang, CHN, 261061
Website
https://www.weichaipower.com
Weichai Power Co Ltd is an industrial technology company that offers vehicles, equipment, and logistics and supply chain services in China. The operating segments of the company are 1) Engines segment includes the manufacturing and sale of engines and related parts; 2) Automobiles and automobile components include the manufacturing and sale of automobiles and automobile components other than Engines; 3) Agricultural equipment includes the manufacturing and sale of agricultural equipment (complete machineries), agricultural machineries, agricultural vehicles and related parts; 4) Intelligent logistics includes forklift trucks production, warehousing technology and supply chain solution services.