ELION ENERGY CO (SHSE:600277) Momentum Rank : 4 (As of Apr. 24, 2024)

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What is ELION ENERGY CO Momentum Rank?

ELION ENERGY CO has the Momentum Rank of 4.

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 ELION ENERGY CO's Momentum Rank

For the Chemicals subindustry, ELION ENERGY 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.

ELION ENERGY CO's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, ELION ENERGY CO's Momentum Rank distribution charts can be found below:

* The bar in red indicates where ELION ENERGY CO's Momentum Rank falls into.

ELION ENERGY CO Momentum Rank Related Terms

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ELION ENERGY CO (SHSE:600277) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » ELION ENERGY CO LTD (SHSE:600277) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.15 Guanghua Road, Elion Eco-plaza, Chaoyang District, Beijing, CHN

Website

http://www.elion.cn

ELION ENERGY CO LTD is a China-based company engaged in businesses of Ecosystem, Energy, and Finance. Ecosystem business, the company adopts biological and ecological techniques to restore desertified, rocky, salinized, alkalized and degraded land and to improve the environment of western deserts, which includes national ecological projects. In Energy business, the company developed Micro-fine Coal Atomization which has improved combustion efficiency and thermal efficiency and minimizes coal consumption, achieving efficient and clean use of coal and reducing pollutants. In the Finance business, the company intends to build a green finance platform that contains funds, trusts, credit investigation, third-party payment, finance companies, insurance and carbon finance.

ELION ENERGY CO (SHSE:600277) Headlines

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