Weiye Construction Group Co (SZSE:300621) Momentum Rank : 7 (As of Jun. 03, 2024)

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What is Weiye Construction Group Co Momentum Rank?

Weiye Construction Group 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Weiye Construction Group Co's Momentum Rank

For the Engineering & Construction subindustry, Weiye Construction 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.

Weiye Construction Group Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Weiye Construction Group Co's Momentum Rank distribution charts can be found below:

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

Weiye Construction Group Co Momentum Rank Related Terms

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Weiye Construction Group Co (SZSE:300621) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Weiye Construction Group Co Ltd (SZSE:300621) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

West of Xinzhou Road, Podium of Jingzhou Building, Futian District, Guangdong Province, Shenzhen, CHN

Website

http://www.szweiye.com

Weiye Construction Group Co Ltd formerly Shenzhen Weiye Decoration Group Co Ltd is engaged in the field of domestic architecture decoration in China. The company mainly provides decorative design and construction services for large real estate, government agencies, large enterprises and high-end hotels. It services include building decoration works; curtain wall for building; the electrical and mechanical design consultant and intelligence service; steel structure engineering comprising industrial, civil construction and other projects.

Executives

Luo Hua Lin	Executives
Shen Qian	Executives
Wei Zhi Hui	Executives
Zhan Feng	Securities Affairs Representative
Luo Lie Fa	Director
Luo Xi Bin	Executives
Li Jian Qiang	Directors, executives
Hu Jian Feng	Executives
Peng Jin Cui	Director
Zhang Ji Jun	Directors, Directors, and Executives

Weiye Construction Group Co (SZSE:300621) Headlines

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