Huayi Electric Co (SHSE:600290) Momentum Rank : 0 (As of Apr. 26, 2024)

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What is Huayi Electric Co Momentum Rank?

Huayi Electric Co 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.

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Huayi Electric Co (SHSE:600290) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Huayi Electric Co Ltd (SHSE:600290) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 228, Central Avenue, Huayi Headquarters Economic Park, Yueqing Economic Development Zone, Zhejiang province, Leqing, CHN, 325600

Website

http://www.huayi.com

Huayi Electric Co Ltd is a Chinese company engaged in power generation, power transmission and distribution, power control and power consumption. It is primarily involved in the electrical and wind power fields. The company's electrical products are used in major projects such as the Three Gorges Project, the South-to-North Water Transfer Project, the Beijing Olympic Venue, the Shanghai World Expo, and the World Cup in Brazil.

Huayi Electric Co (SHSE:600290) Headlines

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