Sichuan Expressway Co (SHSE:601107) Momentum Rank : 3 (As of May. 15, 2024)

View and export this data going back to 2009. Start your Free Trial

What is Sichuan Expressway Co Momentum Rank?

Sichuan Expressway 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 Sichuan Expressway Co's Momentum Rank

For the Infrastructure Operations subindustry, Sichuan Expressway 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.

Sichuan Expressway Co's Momentum Rank Distribution in the Construction Industry

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

* The bar in red indicates where Sichuan Expressway Co's Momentum Rank falls into.

Sichuan Expressway Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Sichuan Expressway Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Sichuan Expressway Co (SHSE:601107) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sichuan Expressway Co Ltd (SHSE:601107) » Definitions » Momentum Rank

Traded in Other Exchanges

SEXHF:USA 00107:Hong Kong

Address

252 Wuhouci Da Jie, Sichuan Province, Chengdu, CHN, 610041

Website

https://www.cygs.com

Sichuan Expressway Co Ltd is primarily engaged in the investment, construction, operation, and management of road infrastructure projects. The company operates in five segments: Expressways segment, New energy technologies segment, Transportation services segment, Transportation logistics segment, Construction services segment and Others segment. Majority of the revenue is generated from Construction services segment. Construction services segment comprises the provision of construction and upgrade services under the service concession arrangements and construction contracts.

Sichuan Expressway Co (SHSE:601107) Headlines

No Headlines