Wuhan East Lake High Technology Group Co (SHSE:600133) Momentum Rank : 3 (As of Jun. 05, 2024)

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What is Wuhan East Lake High Technology Group Co Momentum Rank?

Wuhan East Lake High Technology Group Co has the Momentum Rank of 3.

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 Wuhan East Lake High Technology Group Co's Momentum Rank

For the Engineering & Construction subindustry, Wuhan East Lake High Technology Group 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.

Wuhan East Lake High Technology Group Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Wuhan East Lake High Technology Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Wuhan East Lake High Technology Group Co's Momentum Rank falls into.

Wuhan East Lake High Technology Group Co Momentum Rank Related Terms

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Wuhan East Lake High Technology Group Co (SHSE:600133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wuhan East Lake High Technology Group Co Ltd (SHSE:600133) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Huaguan Avenue, Donghu Gaoxin Building, Hongshan District, Wuhan, Hubei, CHN, 430074

Website

http://www.elht.com

Wuhan East Lake High Technology Group Co Ltd is a China-based company engaged in the engineering construction business. It is also engaged in the construction and operation of technology parks, as well as environmental technology business. Its engineering construction business mainly includes road and bridge contracting and construction; its environmental protection technology business mainly includes atmospheric treatment, sewage treatment, and water environment treatment; its science and technology park related business mainly include the investment, promotion, and operation of the science parks.

Executives

Lin Cheng Feng

Supervisors

Wuhan East Lake High Technology Group Co (SHSE:600133) Headlines

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