Shanghai Lingyun Curtain Wall Science And Technology Co (SHSE:900957) Momentum Rank : 8 (As of Apr. 26, 2024)

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What is Shanghai Lingyun Curtain Wall Science And Technology Co Momentum Rank?

Shanghai Lingyun Curtain Wall Science And Technology Co has the Momentum Rank of 8.

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 Shanghai Lingyun Curtain Wall Science And Technology Co's Momentum Rank

For the Utilities - Independent Power Producers subindustry, Shanghai Lingyun Curtain Wall Science And Technology 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.

Shanghai Lingyun Curtain Wall Science And Technology Co's Momentum Rank Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Shanghai Lingyun Curtain Wall Science And Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shanghai Lingyun Curtain Wall Science And Technology Co's Momentum Rank falls into.

Shanghai Lingyun Curtain Wall Science And Technology Co Momentum Rank Related Terms

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Shanghai Lingyun Curtain Wall Science And Technology Co (SHSE:900957) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Shanghai Lingyun Curtain Wall Science And Technology Co Ltd (SHSE:900957) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 1088 Yuanshen Road, Room 1201, 12th Floor, Ping An Fortune Building, Pudong New Area, Shanghai, CHN, 200122

Website

http://www.elingyun.com

Shanghai Lingyun Curtain Wall Science And Technology Co Ltd is a China-based company operating in the utility sector. Its activities are divided into the power generation business and real estate business. The power generation business generates power through its photovoltaic power stations. Real Estate business is engaged in the commercial property development, rental, and management. The power generation business contributes to most of the company's revenue.

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