Guangdong Guangzi International Engineering Inv Consultants Co (BJSE:836892) Momentum Rank : 3 (As of Jun. 03, 2024)

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What is Guangdong Guangzi International Engineering Inv Consultants Co Momentum Rank?

Guangdong Guangzi International Engineering Inv Consultants 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 Guangdong Guangzi International Engineering Inv Consultants Co's Momentum Rank

For the Engineering & Construction subindustry, Guangdong Guangzi International Engineering Inv Consultants 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.

Guangdong Guangzi International Engineering Inv Consultants Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Guangdong Guangzi International Engineering Inv Consultants Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Guangdong Guangzi International Engineering Inv Consultants Co's Momentum Rank falls into.

Guangdong Guangzi International Engineering Inv Consultants Co Momentum Rank Related Terms

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Guangdong Guangzi International Engineering Inv Consultants Co (BJSE:836892) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Guangdong Guangzi International Engineering Inv Consultants Co Ltd (BJSE:836892) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 316, Huanshi Middle Road, Floor 11, 13, 15, 16, Golden Eagle Building, Yuexiu District, Guangdong Province, Guangzhou City, CHN, 510060

Website

https://www.gdiecc.com.cn

Guangdong Guangzi International Engineering Inv Consultants Co Ltd provides investment and management consulting for international engineering projects. It focuses on infrastructure, industrial development, green environmental protection, social public utilities, and other major areas of the national economy and people's livelihood, and has established four business divisions. It also has investment supervision and project management sections which focus on cost consulting, project management, and supervision consulting respectively.

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