Zheneng Jinjiang Environment Holding Co (SGX:BWM) Momentum Rank : 1 (As of Jun. 05, 2024)

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What is Zheneng Jinjiang Environment Holding Co Momentum Rank?

Zheneng Jinjiang Environment Holding Co has the Momentum Rank of 1.

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 Zheneng Jinjiang Environment Holding Co's Momentum Rank

For the Utilities - Renewable subindustry, Zheneng Jinjiang Environment Holding 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.

Zheneng Jinjiang Environment Holding Co's Momentum Rank Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Zheneng Jinjiang Environment Holding Co's Momentum Rank falls into.

Zheneng Jinjiang Environment Holding Co Momentum Rank Related Terms

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Zheneng Jinjiang Environment Holding Co (SGX:BWM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Zheneng Jinjiang Environment Holding Co Ltd (SGX:BWM) » Definitions » Momentum Rank

Traded in Other Exchanges

3UG:Germany

Address

1 Yinxiu Road, Level 19, Tower A, Hangyue Commercial Center, Gongshu District, Zhejiang Province, Hangzhou, CHN, 310011

Website

http://www.znjjhj.com

Zheneng Jinjiang Environment Holding Co Ltd is engaged in providing waste-to-energy recycling services. It mainly engaged in the generation and sales of electricity and steam, operation of waste-to-energy plants and project management, technical consulting and advisory services, and energy management contracting business. It has two reportable segments namely Waste-to-energy project construction and operation and Project technical and management service equipment selection and sale and EMC business. It generates a majority of its revenue from the Waste-to-energy project construction and operation segment. Its geographical segments include China, India, and other countries of which prime revenue is derived from China.

Zheneng Jinjiang Environment Holding Co (SGX:BWM) Headlines

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