CRCC High-Tech Equipment (HKSE:01786) Momentum Rank : 7 (As of May. 14, 2024)

View and export this data going back to 2015. Start your Free Trial

What is CRCC High-Tech Equipment Momentum Rank?

CRCC High-Tech Equipment has the Momentum Rank of 7.

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 CRCC High-Tech Equipment's Momentum Rank

For the Railroads subindustry, CRCC High-Tech Equipment'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.

CRCC High-Tech Equipment's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, CRCC High-Tech Equipment's Momentum Rank distribution charts can be found below:

* The bar in red indicates where CRCC High-Tech Equipment's Momentum Rank falls into.

CRCC High-Tech Equipment Momentum Rank Related Terms

Thank you for viewing the detailed overview of CRCC High-Tech Equipment's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

CRCC High-Tech Equipment (HKSE:01786) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CRCC High-Tech Equipment Corporation Ltd (HKSE:01786) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 384, Yangfangwang, Jinma Town, Yunnan Province, Kunming, CHN

Website

http://www.crcce.com.cn

CRCC High-Tech Equipment Corporation Ltd is engaged in the manufacture of products in the large-scale railway track maintenance machinery industry and the provision of related services. Its revenues are generated from manufacturing and sales of machines, parts, components sales and services, overhaul services, and railway line maintenance services. Geographically, the majority of its revenue derives from China.

CRCC High-Tech Equipment (HKSE:01786) Headlines

No Headlines