Sieyuan Electric Co (SZSE:002028) Momentum Rank : 3 (As of May. 15, 2024)

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What is Sieyuan Electric Co Momentum Rank?

Sieyuan Electric 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 Sieyuan Electric Co's Momentum Rank

For the Electrical Equipment & Parts subindustry, Sieyuan Electric 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.

Sieyuan Electric Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Sieyuan Electric Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sieyuan Electric Co's Momentum Rank falls into.

Sieyuan Electric Co Momentum Rank Related Terms

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Sieyuan Electric Co (SZSE:002028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sieyuan Electric Co Ltd (SZSE:002028) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 3399 Huaning Road, Minhang District, Shanghai, CHN, 201108

Website

http://en.sieyuan.com

Sieyuan Electric Co Ltd is a China-based company provides electrical equipment and services. The group primarily specializes in the research and development of electric power technology, equipment manufacturing, and engineering services. Siyuan Electric's business involves power, metallurgy, railway, petrochemical, coal, port and other industries. The products offered by the company include Capacitor, reactor, high voltage SVG, Intelligent terminal, auxiliary system, string harmonic, oil chromatography, UV imager and others. Geographically, it holds a presence in both the Chinese and international market.

Sieyuan Electric Co (SZSE:002028) Headlines

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