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CSI Solar Co (SHSE:688472) Momentum Rank : 0 (As of May. 26, 2024)


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What is CSI Solar Co Momentum Rank?

CSI Solar Co has the Momentum Rank of 0.

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.

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CSI Solar Co (SHSE:688472) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » CSI Solar Co Ltd (SHSE:688472) » Definitions » Momentum Rank
Comparable Companies
SHSE:600732 SHSE:688599 SZSE:002459 SZSE:300118 SZSE:002865 SZSE:002506 SZSE:300393 SHSE:688503 SHSE:688408 SZSE:300827 FSLR SHSE:688223 ENPH HKSE:00968 SEDG HKSE:03800 ARRY SHLS HKSE:01799 XTER:S92
Traded in Other Exchanges
N/A
Address
No. 199 Lushan Road, Suzhou High-tech Zone, Jiangsu Province, Suzhou, CHN, 215129
Website
https://www.csisolar.com
CSI Solar Co Ltd research & development, production and sales of crystalline silicon photovoltaic modules. Its products include Modules, inverters, system kits, and energy storage.

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