China Oil HBP Science & Technology Co (SZSE:002554) Momentum Rank : 7 (As of May. 13, 2024)

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What is China Oil HBP Science & Technology Co Momentum Rank?

China Oil HBP Science & Technology Co has the Momentum Rank of 7.

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.

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Competitive Comparison of China Oil HBP Science & Technology Co's Momentum Rank

For the Oil & Gas Equipment & Services subindustry, China Oil HBP Science & Technology 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.

China Oil HBP Science & Technology Co's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Oil HBP Science & Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Oil HBP Science & Technology Co's Momentum Rank falls into.

China Oil HBP Science & Technology Co Momentum Rank Related Terms

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China Oil HBP Science & Technology Co (SZSE:002554) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Oil HBP Science & Technology Co Ltd (SZSE:002554) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Floor.No.1 De Sheng Zhi Ye Building, No. 26, Huang Si Avenue, Beijing, CHN

Website

http://www.china-hbp.com

China Oil HBP Science & Technology Co Ltd provides solutions for oil and gas development and exploitation in the Middle East, Central Asia, Africa, and internationally. It offers oil gas water treatment matching technology and products; oil and gas metering and test solutions; oily sewage treatment solutions; oil and gas field heating equipment; and ground technologies, as well as undertakes EPC engineering projects.

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