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Xiamen International Airport Co (SHSE:600897) Momentum Rank

: 6 (As of Today)
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Xiamen International Airport Co has the Momentum Rank of 6.

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

For the Airports & Air Services subindustry, Xiamen International Airport 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.


Xiamen International Airport Co Momentum Rank Distribution

For the Transportation industry and Industrials sector, Xiamen International Airport Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Xiamen International Airport Co's Momentum Rank falls in comparison to its industry or sector. The grey bar indicates the Momentum Rank's extreme value range as defined by GuruFocus.

Xiamen International Airport Co Momentum Rank Related Terms

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Xiamen International Airport Co (SHSE:600897) Business Description

Xiamen International Airport Co logo
Traded in Other Exchanges
Xiamen Gaoqi International Airport, Fujian Province, Xiamen, CHN, 361006
Xiamen International Airport Co Ltd is principally engaged in ground services of civil and international flights and passengers. The company is also involved in commercial property leasing services, advertising, cargo station and mechanical services.

Xiamen International Airport Co (SHSE:600897) Headlines

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