CF Energy (CF Energy) Momentum Rank : 1 (As of May. 31, 2024)

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What is CF Energy Momentum Rank?

CF Energy has the Momentum Rank of 1.

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 CF Energy's Momentum Rank

For the Utilities - Regulated Gas subindustry, CF Energy'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.

CF Energy's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CF Energy's Momentum Rank distribution charts can be found below:

* The bar in red indicates where CF Energy's Momentum Rank falls into.

CF Energy Momentum Rank Related Terms

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CF Energy (CF Energy) Business Description

Industry

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CFY:Canada

Address

3100 Steeles Avenue East, Suite 3008, Markham, ON, CAN, L3R 8T3

Website

http://www.cfenergy.com

CF Energy Corp is an investment holding company engaged in the distribution of natural gas and sustainable energy utilization for industrial, commercial, and residential users as well as electric vehicle battery swap service in the PRC. It has three operating segments; the Gas distribution utility segment which includes gas sales, pipeline installation, and connection, CNG vehicles refuel and provide gas pipeline installation and connection services and deliver natural gas to residential, commercial, and industrial customers, The Integrated smart energy segment uses multiple clean energy sources, including solar, hydro, electricity, and natural gas to supply cooling, heating, as well as hot water, and The smart mobility segment operates an electric vehicle battery swap business.