China CNR (SHSE:601299) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is China CNR Momentum Rank?

China CNR has the Momentum Rank of 0.

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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China CNR (SHSE:601299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China CNR Corp Ltd (SHSE:601299) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.chinacnr.com

China CNR Corp Ltd was founded in 1881.Â The Company is engaged in research and development, manufacturing, refurbishment, technology services and leasing of various products such as rolling stock, mechanical and electric equipment, environmental protection equipment and ancillary components. Its products include electric and diesel locomotives; high-speed trains; multiple units; metro cars; mass transit vehicles, such as trams and light rail vehicles; coaches; open-top, covered, hopper, flat, side dump, tank, and special wagons; and track machinery. The Company also offers rail components, such as motors and generators for locomotives, urban rail vehicles, oil drilling machines, mining machinery, metallurgical machinery, and wind-driven generators; and electric control equipment, locomotive components, vehicle components, castings, and forgings, among others.

Executives

Sun Yong Cai	senior management
Zhao Guang Xing	senior management
Liu Ke Xian	Supervisors
Xi Guo Hua	Director
Cui Dian Guo	Director
Gao Zhi	senior management
Xie Ji Long	senior management
Lin Wan Li	Director
Wang Yong Zhi	senior management

China CNR (SHSE:601299) Headlines

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