PetroChina Co (SHSE:601857) Momentum Rank

: 3 (As of Today)

View and export this data going back to 2007. Start your Free Trial

PetroChina Co 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

For the Oil & Gas Integrated subindustry, PetroChina 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.

PetroChina Co Momentum Rank Distribution

For the Oil & Gas industry and Energy sector, PetroChina Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PetroChina Co's Momentum Rank falls into.

PetroChina Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of PetroChina Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

PetroChina Co (SHSE:601857) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroChina Co Ltd (SHSE:601857) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PCCYF:USA 00857:Hong Kong PC6:Germany

Address

No. 9 Dongzhimen North Street, Dongcheng District, Beijing, CHN, 100007

Website

http://www.petrochina.com.cn

PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2022, it produced more than 1.6 billion barrels of oil equivalent of oil and gas, and had more than 1.4 billion barrels of annual crude oil primary distillation capacity and more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 80%.

PetroChina Co (SHSE:601857) Headlines

No Headlines