Jintai Energy Holdings (HKSE:02728) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is Jintai Energy Holdings Momentum Rank?

Jintai Energy Holdings has the Momentum Rank of 0.

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.

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Jintai Energy Holdings (HKSE:02728) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jintai Energy Holdings Ltd (HKSE:02728) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 111 Liyi Road, Golden Phoenix Building, Lijin County, Shandong Province, Dongying, CHN

Website

http://www.jintaienergy.com

Jintai Energy Holdings Ltd is engaged in the manufacturing and trading business. The segments of the group are Energy business, Drilling services, Speaker business, Operation of digital energy trading parks, Transportation services, Services business of customs declaration and Electronic products. It derives prime revenue from the Energy business which involves mainly the trading of fuel oil and kerosene. The group generates key revenue from the PRC.

Executives

Chen Jinle
Cui Xianguo	2201 Interest of corporation controlled by you
Super Wise International Investment Limited	2101 Beneficial owner
Qilu International Funds Spc (acting For And On Behalf Of Zhongtai Dingfeng Classified Fund Sp)	2106 Person having a security interest in shares
Zhongtai International Asset Management (singapore) Pte. Ltd.	2102 Investment manager
Zhongtai International Asset Management Limited	2102 Investment manager
Hong Kong Moral Co-operation Investment Limited	2101 Beneficial owner
Niu Guangchang	2201 Interest of corporation controlled by you
Winwin International Strategic Investment Funds Spc	2106 Person having a security interest in shares
Zhongtai Innovation Capital Management Limited	2102 Investment manager
Lin Ai Hua	2202 Interest of your spouse
Lin Cai Huo	2101 Beneficial owner
Oriental Gold Honour Joy International Holdings Limited	2101 Beneficial owner

Jintai Energy Holdings (HKSE:02728) Headlines

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