Guangzhou Automobile Group Co (FRA:02G) Momentum Rank : 1 (As of May. 03, 2024)

View and export this data going back to 2010. Start your Free Trial

What is Guangzhou Automobile Group Co Momentum Rank?

Guangzhou Automobile Group Co has the Momentum Rank of 1.

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 Guangzhou Automobile Group Co's Momentum Rank

For the Auto Manufacturers subindustry, Guangzhou Automobile Group 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.

Guangzhou Automobile Group Co's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Guangzhou Automobile Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Guangzhou Automobile Group Co's Momentum Rank falls into.

Guangzhou Automobile Group Co Momentum Rank Related Terms

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

Guangzhou Automobile Group Co (FRA:02G) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Guangzhou Automobile Group Co Ltd (FRA:02G) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GNZUF:USA 02238:Hong Kong 02G:Germany 601238:China

Address

18 Whitfield Road, Room 808, Citicorp Centre, Causeway Bay, Hong Kong, HKG

Website

https://www.gac.com.cn

Guangzhou Automobile Group Co Ltd is a state-controlled producer of passenger vehicles, motorcycles, and auto parts. The company's activities are broadly classified into two segments; The vehicles and related operations segment include the production and sale of a variety of passenger vehicles, commercial vehicles, automotive parts, and related operations, and the Others segment includes mainly the production and sale of motorcycles, automobile finance, and insurance, other financing services, and investing businesses. The firm's operations are spread across Mainland China and Hong Kong. Its vehicles segment generates a majority of the revenues for the company. Geographically, it derives a majority of its revenue from Mainland China.

Guangzhou Automobile Group Co (FRA:02G) Headlines

No Headlines