GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Resources Building Materials Technology Holdings Ltd (OTCPK:CJRCF) » Definitions » Momentum Rank

China Resources Building Materials Technology Holdings (China Resources Building Materials Technology Holdings) Momentum Rank : 0 (As of Apr. 28, 2024)


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

What is China Resources Building Materials Technology Holdings Momentum Rank?

China Resources Building Materials Technology Holdings 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.

China Resources Building Materials Technology Holdings Momentum Rank Related Terms

Thank you for viewing the detailed overview of China Resources Building Materials Technology Holdings's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

China Resources Building Materials Technology Holdings (China Resources Building Materials Technology Holdings) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » China Resources Building Materials Technology Holdings Ltd (OTCPK:CJRCF) » Definitions » Momentum Rank
Comparable Companies
HKSE:01252 HKSE:02009 HKSE:00743 HKSE:02233 HKSE:00691 HKSE:02187 HKSE:00695 HKSE:03300 HKSE:01943 HKSE:00366 CRH XSWX:HOLN NSE:ULTRACEMCO VMC MLM SHSE:600585 XKRX:003670 NSE:GRASIM XTER:HEI BOM:500387
Traded in Other Exchanges
CARCY:USA 01313:Hong Kong C44:Germany
Address
26 Harbour Road, Room 3001-05, China Resources Building, Wanchai, Hong Kong, HKG
Website
https://www.crcement.com
China Resources Building Materials Technology Holdings Ltd formerly China Resources Cement Holdings Ltd is a cement and concrete producer in Southern China. Its operations range from the excavation of limestone to the production, sale, and distribution of cement, clinker, and concrete. The company's segments are Cement and Concrete of which its majority revenue is derived from the manufacture and sale of cement products. The group products are mainly used in the construction of infrastructure projects such as railways, highways, subways, bridges, airports, ports, dams, hydroelectric power stations, and nuclear power stations, as well as the construction of high-rise buildings and the development of suburban and rural areas. Geographically, the majority is derived from Guangdong.

China Resources Building Materials Technology Holdings (China Resources Building Materials Technology Holdings) Headlines