COSCO SHIPPING Holdings Co (HKSE:01919) Momentum Rank : 10 (As of May. 07, 2024)

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What is COSCO SHIPPING Holdings Co Momentum Rank?

COSCO SHIPPING Holdings Co has the Momentum Rank of 10.

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 COSCO SHIPPING Holdings Co's Momentum Rank

For the Marine Shipping subindustry, COSCO SHIPPING Holdings 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.

COSCO SHIPPING Holdings Co's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, COSCO SHIPPING Holdings Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where COSCO SHIPPING Holdings Co's Momentum Rank falls into.

COSCO SHIPPING Holdings Co Momentum Rank Related Terms

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COSCO SHIPPING Holdings Co (HKSE:01919) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » COSCO SHIPPING Holdings Co Ltd (HKSE:01919) » Definitions » Momentum Rank

Traded in Other Exchanges

CICOF:USA CICOY:USA C6G0:Germany C6G:Germany C6G:Germany C6G:Germany 601919:China

Address

No. 658 Dong Da Ming Road, 8th Floor, Shanghai, CHN, 200080

Website

https://hold.coscoshipping.com

COSCO SHIPPING Holdings Co Ltd is an investment holding company. The company's operating segment includes the Container shipping business, Terminal business, and Corporate and other operations. It generates maximum revenue from the Container shipping business segment. Its geographical segments includes America, Europe, Asia Pacific, Mainland China, Other international market.

COSCO SHIPPING Holdings Co (HKSE:01919) Headlines

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