Houpu Clean Energy Group Co (SZSE:300471) Momentum Rank : 8 (As of May. 14, 2024)

View and export this data going back to 2015. Start your Free Trial

What is Houpu Clean Energy Group Co Momentum Rank?

Houpu Clean Energy Group Co has the Momentum Rank of 8.

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 Houpu Clean Energy Group Co's Momentum Rank

For the Oil & Gas Equipment & Services subindustry, Houpu Clean 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.

Houpu Clean Energy Group Co's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Houpu Clean Energy Group Co's Momentum Rank distribution charts can be found below:

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

Houpu Clean Energy Group Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Houpu Clean Energy Group Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Houpu Clean Energy Group Co (SZSE:300471) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Houpu Clean Energy Group Co Ltd (SZSE:300471) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 599, Century City South Road, No. 3, Building 11, Building 6, High-tech Zone, Sichuan, Chengdu, CHN, 611731

Website

http://www.hqhop.com

Houpu Clean Energy Group Co Ltd is a clean energy solution provider. Its operates in five five business segments: high-end equipment integration for clean energy applications; operation and supervision platform based on Internet+, cloud computing, big data analysis; CRM-based, PLM-based Site operation and maintenance services; energy and chemical engineering consulting, survey, design, construction, installation, project management; clean energy equipment core components R & D (research and development) and manufacturing. Its product offerings include compressor control cabinet, gas supply system, barge LNG filling station, hydrogen station control system, hydrogenation machine, among others.

Houpu Clean Energy Group Co (SZSE:300471) Headlines

No Headlines