Beijing Enterprises Holdings (FRA:BJEB) Momentum Rank : 10 (As of Apr. 27, 2024)

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What is Beijing Enterprises Holdings Momentum Rank?

Beijing Enterprises Holdings has the Momentum Rank of 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.

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

Competitive Comparison of Beijing Enterprises Holdings's Momentum Rank

For the Conglomerates subindustry, Beijing Enterprises Holdings'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.

Beijing Enterprises Holdings's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Beijing Enterprises Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Beijing Enterprises Holdings's Momentum Rank falls into.

Beijing Enterprises Holdings Momentum Rank Related Terms

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Beijing Enterprises Holdings (FRA:BJEB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Beijing Enterprises Holdings Ltd (FRA:BJEB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BJINF:USA 00392:Hong Kong BJEB:Germany

Address

18 Harbour Road, 66th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

https://www.behl.com.hk

Beijing Enterprises Holdings was founded in 1997 and it is the listed flagship of the Beijing municipal government. It has a diversified business portfolio with focus on public utilities, including gas distribution and transmission, sewage and water treatment, and waste-to-energy business. It also invests in an upstream Russia oil and gas company, and owns 80% of Yanjing Brewery, one of the leading domestic brewers. The business mix is approximately 70% in gas operation, with the rest in water, waste treatment, and beer businesses.

Beijing Enterprises Holdings (FRA:BJEB) Headlines

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