CRRC (SHSE:601766) Momentum Rank : 3 (As of May. 17, 2024)

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What is CRRC Momentum Rank?

CRRC 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 CRRC's Momentum Rank

For the Railroads subindustry, CRRC'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.

CRRC's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, CRRC's Momentum Rank distribution charts can be found below:

* The bar in red indicates where CRRC's Momentum Rank falls into.

CRRC Momentum Rank Related Terms

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CRRC (SHSE:601766) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CRRC Corp Ltd (SHSE:601766) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CRCCY:USA 01766:Hong Kong C2L:Germany

Address

No. 16-5, Central West Fourth Ring Road, Haidian District, Beijing, CHN, 100036

Website

https://www.crrcgc.cc

CRRC Corp Ltd manufactures products which are used for transportation through railroads. Its product portfolio includes rolling stock, rail transit vehicles, engineering machinery, electrical equipment and related parts, and environmental protection products. The company also engages in allied activities like refurbishment, leasing, technical support to clients, investment, and management, as well as import and export business. Its business operations are spread across Mainland China which derives the highest revenue, and a few other countries.

CRRC (SHSE:601766) Headlines

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