CGN Power Co (HKSE:01816) Momentum Rank : 6 (As of May. 15, 2024)

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What is CGN Power Co Momentum Rank?

CGN Power Co has the Momentum Rank of 6.

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 CGN Power Co's Momentum Rank

For the Utilities - Independent Power Producers subindustry, CGN Power Co'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.

CGN Power Co's Momentum Rank Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where CGN Power Co's Momentum Rank falls into.

CGN Power Co Momentum Rank Related Terms

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CGN Power Co (HKSE:01816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CGN Power Co Ltd (HKSE:01816) » Definitions » Momentum Rank

Traded in Other Exchanges

94C:Germany 003816:China

Address

No. 2002 Shennan Road, 18th Floor, South Tower, CGN Building, Futian District, Guangdong Province, Shenzhen, CHN, 518026

Website

http://www.cgnp.com.cn

CGN Power is a major nuclear power producer in China. It operates 26 nuclear power generating units (total installed capacity of 29.4 gigawatts), with 14 units in Guangdong and the rest in Guangxi, Fujian, and Liaoning provinces as of end-2022. CGN is adding capacity of 8.4 gigawatts into its operations over the next five years. State-owned China General Nuclear Power, controls about 58.9% of CGN Power.

CGN Power Co (HKSE:01816) Headlines

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