Shenzhen Energy Group Co (SZSE:000027) Momentum Rank : 6 (As of May. 21, 2024)

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What is Shenzhen Energy Group Co Momentum Rank?

Shenzhen Energy Group Co has the Momentum Rank of 6.

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 Shenzhen Energy Group Co's Momentum Rank

For the Utilities - Diversified subindustry, Shenzhen Energy 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.

Shenzhen Energy Group Co's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Shenzhen Energy Group Co's Momentum Rank distribution charts can be found below:

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

Shenzhen Energy Group Co Momentum Rank Related Terms

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Shenzhen Energy Group Co (SZSE:000027) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shenzhen Energy Group Co Ltd (SZSE:000027) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

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Address

No. 2068 Shennan Middle Road, Huaneng Building, Floors 5, 33, 35-36, 38-41, Futian District, Guangdong Province, Shenzhen, CHN, 518031

Website

http://www.sec.com.cn

Shenzhen Energy Group Co Ltd is a China-based company primarily engaged in the business of development, procurement, and marketing of various conventional and new energy sources. The company is an integrated energy enterprise, with its business covering the sectors of electric power, solid waste treatment, and natural gas supply. It has the business presence in China and international countries. The businesses of the company are clean coal-fired power generation, gas power generation, renewable energy generation, environmental protection industry and urban gas. Its renewable energy generation business covers wind power, photovoltaic, hydropower and waste power.

Shenzhen Energy Group Co (SZSE:000027) Headlines

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