BAIC BluePark New Energy Technology Co (SHSE:600733) Momentum Rank : 6 (As of May. 12, 2024)

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What is BAIC BluePark New Energy Technology Co Momentum Rank?

BAIC BluePark New Energy Technology Co has the Momentum Rank of 6.

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 BAIC BluePark New Energy Technology Co's Momentum Rank

For the Auto Manufacturers subindustry, BAIC BluePark New Energy 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.

BAIC BluePark New Energy Technology Co's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, BAIC BluePark New Energy Technology Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where BAIC BluePark New Energy Technology Co's Momentum Rank falls into.

BAIC BluePark New Energy Technology Co Momentum Rank Related Terms

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BAIC BluePark New Energy Technology Co (SHSE:600733) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BAIC BluePark New Energy Technology Co Ltd (SHSE:600733) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 5, Donghuan Middle Road, Building 12, Economic and Technological Development Zone, Beijing, CHN, 100176

Website

http://www.bjev.com.cn

BAIC BluePark New Energy Technology Co Ltd is a Chinese new energy vehicle company. It is engaged in building a new ecology and new pattern of the integration of automobile and energy, internet and artificial intelligence industry, and building a new energy vehicle technology innovation center. It owns global research and development centers in Beijing, Silicon Valley, Germany, Spain, and other areas covering electric drive assembly systems, internet, and intelligent, extended-range electric vehicle power systems.

BAIC BluePark New Energy Technology Co (SHSE:600733) Headlines

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