Eurocrane (China) Co (SHSE:603966) Momentum Rank : 2 (As of May. 25, 2024)

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What is Eurocrane (China) Co Momentum Rank?

Eurocrane (China) Co has the Momentum Rank of 2.

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 Eurocrane (China) Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Eurocrane (China) 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.

Eurocrane (China) Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Eurocrane (China) Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Eurocrane (China) Co's Momentum Rank falls into.

Eurocrane (China) Co Momentum Rank Related Terms

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Eurocrane (China) Co (SHSE:603966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Eurocrane (China) Co Ltd (SHSE:603966) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 288-388, Fenyue Road, Foho New & Hi-Tech Industrial Development Zone, Jiangsu Province, Wujiang, CHN, 215211

Website

http://www.eurocranegroup.com

Eurocrane (China) Co Ltd is a manufacturer and service provider of heavy machines. Its products include lifting equipment, cranes, hoists and other industrial equipment. It offers bridge, gantry, swing arm, flexible beam, special, clean room, and explosion-proof cranes; and lifting bodies, electric hoists, transmission equipment, and engineering machinery components. The company also provides installation, inspection, repair, upgrade, maintenance, and training services, as well as spare parts. Its products are used in the equipment manufacturing, transportation and logistics, paper making, energy and electricity, automobile and shipbuilding, metal processing, aerospace.

Executives

Xu Ting	Director
Peng Jia Hui	senior management
Tao Feng Hua	Director
Yuan Xiu Feng	Director
Gu Hai Qing	senior management
Jia Kai	senior management
Jin Hong Ping	Director
Shen Rong	senior management
Zhang Che	Supervisors
Jiang Hai	senior management

Eurocrane (China) Co (SHSE:603966) Headlines

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