China Nature Energy Technology Holdings (HKSE:01597) Momentum Rank : 3 (As of May. 10, 2024)

View and export this data going back to 2020. Start your Free Trial

What is China Nature Energy Technology Holdings Momentum Rank?

China Nature Energy Technology Holdings has the Momentum Rank of 3.

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 Nature Energy Technology Holdings's Momentum Rank

For the Specialty Industrial Machinery subindustry, China Nature Energy Technology Holdings'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 Nature Energy Technology Holdings's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Nature Energy Technology Holdings's Momentum Rank distribution charts can be found below:

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

China Nature Energy Technology Holdings Momentum Rank Related Terms

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

China Nature Energy Technology Holdings (HKSE:01597) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Nature Energy Technology Holdings Ltd (HKSE:01597) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building A, Standard Factory Phase II, Runzhou Road, Huishan Industrial Transformation Park, Jiangsu Province, Wuxi, CHN

Website

www.jyhyne.com

China Nature Energy Technology Holdings Ltd is engaged in the integration, manufacturing, and sales of pitch control systems and related components, wind power generation, wind farm operation, maintenance business, and provision of wind energy-related consultancy services in the People's Republic of China. Its segments include Sales of pitch control systems and related components; Sales of wind power; Wind farm operation and maintenance business; and Provision of wind energy-related consultancy services. It derives a majority of the revenue from research and development, integration, manufacturing, and sale of pitch control systems and related components in wind turbine manufacturing.

China Nature Energy Technology Holdings (HKSE:01597) Headlines

No Headlines