Beijing Originwater Technology Co (SZSE:300070) Momentum Rank : 8 (As of Apr. 28, 2024)

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What is Beijing Originwater Technology Co Momentum Rank?

Beijing Originwater Technology 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.

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Competitive Comparison of Beijing Originwater Technology Co's Momentum Rank

For the Waste Management subindustry, Beijing Originwater 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.

Beijing Originwater Technology Co's Momentum Rank Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Beijing Originwater Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Beijing Originwater Technology Co's Momentum Rank falls into.

Beijing Originwater Technology Co Momentum Rank Related Terms

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Beijing Originwater Technology Co (SZSE:300070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Beijing Originwater Technology Co Ltd (SZSE:300070) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

23-2 BOW Building, Life Science Park Road, Haidian District, Beijing, CHN

Website

http://www.originwater.com

Beijing Originwater Technology Co Ltd is a high-tech environmental protection enterprise integrated with membrane material development, membrane equipment manufacturing and membrane technology. The company is involved in the treatment of wastewater. The product portfolio includes - Microfiltration membrane (MF), Ultrafiltration (UF), Ultra-low pressure and highly selective membrane (DF), and Reverse Osmosis (RO). The company's products are used in seawater desalination, industrial water recycling, brackish water desalination, household drinking water purification, wastewater reclamation projects, and surface water treatment projects.

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