China International Marine Containers (Group) Co (SZSE:000039) Momentum Rank : 3 (As of May. 23, 2024)

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What is China International Marine Containers (Group) Co Momentum Rank?

China International Marine Containers (Group) 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 of China International Marine Containers (Group) Co's Momentum Rank

For the Metal Fabrication subindustry, China International Marine Containers (Group) 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.

China International Marine Containers (Group) Co's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where China International Marine Containers (Group) Co's Momentum Rank falls into.

China International Marine Containers (Group) Co Momentum Rank Related Terms

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China International Marine Containers (Group) Co (SZSE:000039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China International Marine Containers (Group) Co Ltd (SZSE:000039) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

02039:Hong Kong OCM:Germany

Address

CIMC R&D Centre, 2 Gangwan Avenue, 8th Floor, Shekou, Nanshan Distritct, Guangdong, Shenzhen, CHN, 518067

Website

https://www.cimc.com

China International Marine Containers (Group) Co Ltd is one of China's manufacturers of road transportation vehicles and high-end offshore engineering equipment. It provides a range of containers, trucks, chemical and food equipment, energy products, and airport structures. In addition, the company offers services related to design, engineering, transportation, and energy distribution. The group offers various standard and specialty containers to account for different conditions and take advantage of mass production capabilities. Technical and maintenance services boost revenue and increase contact with customers to gain feedback and observe industry conditions. The company has a world wide distribution network, but the majority of sales derive from Asia.

China International Marine Containers (Group) Co (SZSE:000039) Headlines

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