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Air China (Air China) Momentum Rank : 3 (As of Apr. 25, 2024)


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What is Air China Momentum Rank?

Air China has the Momentum Rank of 3.

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 Air China's Momentum Rank

For the Airlines subindustry, Air China'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.

Air China's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Air China's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Air China's Momentum Rank falls into.


Air China Momentum Rank Related Terms

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Air China (Air China) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Air China Ltd (OTCPK:AIRYY) » Definitions » Momentum Rank
Comparable Companies
SHSE:600029 SHSE:600115 SHSE:600221 SHSE:601021 SHSE:603885 SZSE:002928 DAL DUB:RYA LUV NSE:INDIGO UAL SGX:C6L IST:THYAO LSE:IAG AAL TSE:9202 XTER:LHA TSE:9201 XSGO:LTM HKSE:00293
Traded in Other Exchanges
AICAF:USA 00753:Hong Kong AD2:Germany 601111:China AD2:Austria
Address
30 Tianzhu Road, Airport Industrial Zone, Blue Sky Mansion, Shunyi District, Beijing, CHN, 101312
Website
http://www.airchina.com.cn
Air China is based in Beijing. It is one of the largest state-owned airlines and the flag carrier in China. The group operated a fleet of 762 aircraft as of 2022 and carried more than 115 million passengers in prepandemic 2019. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs such as Beijing, Chengdu, and Shanghai. The group's route network extends to over 187 destinations and 43 countries and regions.