Bohai Ferry Group Co (SHSE:603167) Momentum Rank : 3 (As of Jun. 01, 2024)

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What is Bohai Ferry Group Co Momentum Rank?

Bohai Ferry 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 Bohai Ferry Group Co's Momentum Rank

For the Marine Shipping subindustry, Bohai Ferry 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.

Bohai Ferry Group Co's Momentum Rank Distribution in the Transportation Industry

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

* The bar in red indicates where Bohai Ferry Group Co's Momentum Rank falls into.

Bohai Ferry Group Co Momentum Rank Related Terms

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Bohai Ferry Group Co (SHSE:603167) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Bohai Ferry Group Co Ltd (SHSE:603167) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 2 Huanhai Road, Zhifu District, Shandong Province, Yantai, CHN, 264000

Website

http://www.bohailundu.cn

Bohai Ferry Group Co Ltd is involved in the roll-on/roll-off (ro-ro) passenger transportation business. The company operates ro-ro passenger transportation businesses from Yantai to Dalian, Penglai to Dalian and Penglai to Lvshun.

Executives

Wang Fu Tian	Directors, senior managers
Xue Feng	senior management
Yu Xin Jian	Directors, senior managers
Wang Hong Jun	Director
Li Hong Xiang	Director
Lin Jia Zhi	senior management
Jia Ming Yang	senior management
Zhan Li	Director
Ning Wu	senior management

Bohai Ferry Group Co (SHSE:603167) Headlines

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