China Everbright Greentech (HKSE:01257) Momentum Rank : 5 (As of Jun. 03, 2024)

View and export this data going back to 2017. Start your Free Trial

What is China Everbright Greentech Momentum Rank?

China Everbright Greentech 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of China Everbright Greentech's Momentum Rank

For the Utilities - Renewable subindustry, China Everbright Greentech'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 Everbright Greentech's Momentum Rank Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, China Everbright Greentech's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Everbright Greentech's Momentum Rank falls into.

China Everbright Greentech Momentum Rank Related Terms

Thank you for viewing the detailed overview of China Everbright Greentech's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

China Everbright Greentech (HKSE:01257) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » China Everbright Greentech Ltd (HKSE:01257) » Definitions » Momentum Rank

Traded in Other Exchanges

CK7:Germany

Address

16 Harcourt Road, Room 3602, 36th Floor, Far East Finance Centre, Hong Kong, HKG

Website

https://www.ebgreentech.com

China Everbright Greentech Ltd is an investment holding company. It operates in the following segments: Integrated biomass utilization project construction and operation; Hazardous and solid waste treatment project construction and operation; Environmental remediation project operation; Solar energy, and wind power project operation. The company derives the majority of its revenue from the integrated biomass utilization segment, which engages in the construction and operation of biomass direct combustion power generation projects, biomass heat supply projects, biomass electricity and heat cogeneration projects, waste-to-energy projects, and integrated biomass and waste-to-energy project. Its geographical segments are China, Hong Kong, and Germany.

Executives

Ning Bo Kai Fa Tou Zi Ji Tuan You Xian Gong Si	2101 Beneficial owner
Ning Bo Neng Yuan Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner
China Everbright Holdings Company Limited	2201 Interest of corporation controlled by you
Ning Bo Ning Dian Tou Zi Fa Zhan You Xian Gong Si	2101 Beneficial owner

China Everbright Greentech (HKSE:01257) Headlines

No Headlines