Liaoning Port Co (SHSE:601880) Momentum Rank : 4 (As of May. 13, 2024)

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What is Liaoning Port Co Momentum Rank?

Liaoning Port Co has the Momentum Rank of 4.

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 Liaoning Port Co's Momentum Rank

For the Marine Shipping subindustry, Liaoning Port 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.

Liaoning Port Co's Momentum Rank Distribution in the Transportation Industry

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

* The bar in red indicates where Liaoning Port Co's Momentum Rank falls into.

Liaoning Port Co Momentum Rank Related Terms

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Liaoning Port Co (SHSE:601880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Liaoning Port Co Ltd (SHSE:601880) » Definitions » Momentum Rank

Traded in Other Exchanges

DLPTF:USA 02880:Hong Kong D7P:Germany

Address

Xingang Commercial Building, Dalian Free Trade Zone, Dayao Bay, Liaoning Province, Dalian, CHN, 116600

Website

http://www.liaoganggf.cn

Liaoning Port Co Ltd is a China-based company providing port and logistics services. It operates in seven segments: Oil/liquefied chemicals terminal and related logistics services; Container terminal and related logistics services; Bulk and general cargo terminal and related logistics services; Bulk grain terminal and related logistics services; Passenger and roll-on, roll-off terminal and related logistics services; Port value-added and ancillary services; and Automobile terminal and related logistics services.

Liaoning Port Co (SHSE:601880) Headlines

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