Chongqing Construction Engineering Group Co (SHSE:600939) Momentum Rank : 2 (As of Jun. 03, 2024)

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What is Chongqing Construction Engineering Group Co Momentum Rank?

Chongqing Construction Engineering Group Co has the Momentum Rank of 2.

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 Chongqing Construction Engineering Group Co's Momentum Rank

For the Engineering & Construction subindustry, Chongqing Construction Engineering 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.

Chongqing Construction Engineering Group Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chongqing Construction Engineering Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Chongqing Construction Engineering Group Co's Momentum Rank falls into.

Chongqing Construction Engineering Group Co Momentum Rank Related Terms

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Chongqing Construction Engineering Group Co (SHSE:600939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chongqing Construction Engineering Group Co Ltd (SHSE:600939) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No.1596, Jinkai Avenue, Liangjiang New District, Economic Development Zone, Chongqing, CHN, 401122

Website

http://www.cceg.cn

Chongqing Construction Engineering Group Co Ltd is a China based civil engineering construction company. It is engaged in the housing construction and highway construction. The company is involved in the industrial field of building installation field, municipal infrastructure, construction industry and logistics, construction project investment management, building technology, and construction finance. The company has a business presence in China, and various other countries. It focuses on the construction of high-rise buildings, highways, large span bridges and tunnel construction, commodity concrete production, construction machinery manufacturing and other core technologies.

Chongqing Construction Engineering Group Co (SHSE:600939) Headlines

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