Shuifa Energas Gas Co (SHSE:603318) Momentum Rank : 5 (As of May. 29, 2024)

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What is Shuifa Energas Gas Co Momentum Rank?

Shuifa Energas Gas Co has the Momentum Rank of 5.

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 Shuifa Energas Gas Co's Momentum Rank

For the Oil & Gas Equipment & Services subindustry, Shuifa Energas Gas 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.

Shuifa Energas Gas Co's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shuifa Energas Gas Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shuifa Energas Gas Co's Momentum Rank falls into.

Shuifa Energas Gas Co Momentum Rank Related Terms

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Shuifa Energas Gas Co (SHSE:603318) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

No.73, Zhenpeng Industrial City, Economic and Technological Development Zone, Liaoning Province, Dalian, CHN, 250100

Website

http://www.energas.cn

Shuifa Energas Gas Co Ltd formerly Dalian Energas Gas-System Co Ltd is engaged in the design, production, sales, and services of related products in the field of gas transmission and distribution and gas applications. The products and services of the company include gas transmission and distribution systems which include pressure regulating stations, long-distance pipelines, and distribution system equipment, gas application systems which include gas turbine auxiliary equipment, gas turbine MSD pipelines, and steam turbine steam seal pipelines, and spare parts.

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