China Huarong Energy Co (HKSE:01101) Momentum Rank : 0 (As of Jun. 08, 2024)

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What is China Huarong Energy Co Momentum Rank?

China Huarong Energy Co has the Momentum Rank of 0.

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.

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China Huarong Energy Co (HKSE:01101) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Huarong Energy Co Ltd (HKSE:01101) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

XYTA:Germany

Address

6-8 Harbour Road, Suites 1508-10, 15th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

http://www.huarongenergy.com.hk

China Huarong Energy Co Ltd is a company principally engaged in the business of energy exploration and production focusing on oil and gas-related customers and markets. Its only segment is Energy Exploration and Production which is engaged in the sales of crude oil. The company projects include approximately four oilfields located in the Fergana Valley of the Republic of Kyrgyzstan. Geographically, it derives revenue from Kyrgyzstan.

Executives

Lau Wing Yi	2501 Other
Silver Anna	2501 Other
Action Phoenix Limited	2101 Beneficial owner
Castle Giant Investments Limited	2101 Beneficial owner
Yu Gelin	2201 Interest of corporation controlled by you
China Development Bank	2501 Other
China Minsheng Banking Corp. Ltd.	2101 Beneficial owner
Skyline Asia International Limited	2201 Interest of corporation controlled by you
Zhao Xuejun	2201 Interest of corporation controlled by you
Fine Profit Enterprises Limited	2201 Interest of corporation controlled by you
Mei Liang	2201 Interest of corporation controlled by you
Top Acton Limited	2101 Beneficial owner
Zhang Zhi Rong	2201 Interest of corporation controlled by you
Kingwin Victory Investment Limited	2101 Beneficial owner
Wang Ping	2201 Interest of corporation controlled by you

China Huarong Energy Co (HKSE:01101) Headlines

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