Dongfang Electric (Dongfang Electric) Momentum Rank : 5 (As of Jun. 07, 2024)

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What is Dongfang Electric Momentum Rank?

Dongfang Electric has the Momentum Rank of 5.

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.

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Competitive Comparison of Dongfang Electric's Momentum Rank

For the Specialty Industrial Machinery subindustry, Dongfang Electric'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.

Dongfang Electric's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dongfang Electric's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Dongfang Electric's Momentum Rank falls into.

Dongfang Electric Momentum Rank Related Terms

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Dongfang Electric (Dongfang Electric) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dongfang Electric Corp Ltd (OTCPK:DNGFF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

01072:Hong Kong DEU:Germany 600875:China

Address

18 Xixin Road, High-Tech District (Western District), Sichuan Province, Chengdu, CHN, 611731

Website

http://www.dec-ltd.cn

Dongfang Electric Corp Ltd is a Chinese company engaged in the manufacture and distribution of energy generation equipment. The company specialized in power equipment manufacturing and worldwide power projects contracting for thermal, hydro, nuclear, wind, gas turbine, and combined cycle power plants. major products and services delivered or provided by each of the five reporting segments are Clean and efficient energy equipment, Renewable energy equipment, Engineering and Trade, Modern manufacturing services, and Emerging growth industry. The company distributes its products within the domestic market and overseas markets. The majority of the firm's revenue gets generated through Clean and efficient energy equipment.

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