Yuancheng Environment Co (SHSE:603388) Momentum Rank : 2 (As of May. 29, 2024)

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What is Yuancheng Environment Co Momentum Rank?

Yuancheng Environment Co has the Momentum Rank of 2.

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 Yuancheng Environment Co's Momentum Rank

For the Engineering & Construction subindustry, Yuancheng Environment 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.

Yuancheng Environment Co's Momentum Rank Distribution in the Construction Industry

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

* The bar in red indicates where Yuancheng Environment Co's Momentum Rank falls into.

Yuancheng Environment Co Momentum Rank Related Terms

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Yuancheng Environment Co (SHSE:603388) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Yuancheng Environment Co Ltd (SHSE:603388) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

2-6 Qingchun East Road, 15th Floor, Hangzhou Jintou Financial Building, Zhejiang Province, Hangzhou, CHN

Website

http://www.ycgf.cn

Yuancheng Environment Co Ltd is a Chinese eco-environmental service provider. It integrates planning, design, construction, seedling production and marketing, technology research and development, information services, and industrial investment. The firm focuses on projects such as eco-environment, green environmental protection, and leisure tourism.

Executives

Zhu Chang Ren	Director
Chen Ping	senior management
Yao Li Hua	Director
Zhang Jian He	Director
Zhou Jin Hai	Director
Kong Wei Bo	senior management
Shen Guo Tai	Supervisors

Yuancheng Environment Co (SHSE:603388) Headlines

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