China Nuclear Energy Technology (HKSE:00611) Momentum Rank : 8 (As of May. 27, 2024)

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What is China Nuclear Energy Technology Momentum Rank?

China Nuclear Energy Technology has the Momentum Rank of 8.

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 Nuclear Energy Technology's Momentum Rank

For the Engineering & Construction subindustry, China Nuclear Energy Technology'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 Nuclear Energy Technology's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, China Nuclear Energy Technology's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Nuclear Energy Technology's Momentum Rank falls into.

China Nuclear Energy Technology Momentum Rank Related Terms

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China Nuclear Energy Technology (HKSE:00611) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Nuclear Energy Technology Corp Ltd (HKSE:00611) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 2801, 28th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.cnetcl.com

China Nuclear Energy Technology Corp Ltd is an investment holding company. Its operating segments include the EPC and consultancy and general construction segment comprises its EPC and consulting services operations relating to the construction of photovoltaic power plants and general construction services; the Power Generation segment comprises the group's power generation operations; the Financing segment comprises the group's financing operations; and the all Other segments comprise the group's corporate management, investment, and treasury services. The majority of the revenue is derived from EPC and consulting services segment.

Executives

China He Investment (hong Kong) Company Limited
Value Convergence Holdings Limited
Yahgee International (hong Kong) Co., Limited	2101 Beneficial owner
Zhong Guo He Gong Ye Ji Tuan You Xian Gong Si
Zhong He Tou Zi You Xian Gong Si
Shen Zhen Shi Xin Nan Shan Kong Gu Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner

China Nuclear Energy Technology (HKSE:00611) Headlines

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