Sinopec Kantons Holdings (HKSE:00934) Momentum Rank : 9 (As of May. 28, 2024)

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What is Sinopec Kantons Holdings Momentum Rank?

Sinopec Kantons Holdings has the Momentum Rank of 9.

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 Sinopec Kantons Holdings's Momentum Rank

For the Oil & Gas Midstream subindustry, Sinopec Kantons Holdings'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.

Sinopec Kantons Holdings's Momentum Rank Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Sinopec Kantons Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sinopec Kantons Holdings's Momentum Rank falls into.

Sinopec Kantons Holdings Momentum Rank Related Terms

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Sinopec Kantons Holdings (HKSE:00934) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Kantons Holdings Ltd (HKSE:00934) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SPKOY:USA SAK:Germany

Address

18 Whitfield Road, 34th Floor, Citicorp Centre, Causeway Bay, Hong Kong, HKG

Website

http://www.sinopec.com.hk

Sinopec Kantons Holdings Ltd is a storage, logistics, and trading company engaged in the operation of crude oil and oil product terminals and ancillary facilities, and the provision of logistics services including storage, transportation, and terminal services. The company has two operating segments; The crude oil jetty and storage services segment provides crude oil transportation, unloading, storage, and other jetty services for oil tankers in the PRC, Europe, and the Middle East, and Vessel chartering and logistics services segment provides vessel chartering services for liquefied natural gas transportation in the PRC, Australia, and Papua New Guinea.

Sinopec Kantons Holdings (HKSE:00934) Headlines

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