Shanghai Taihe Water Technology Development Co (SHSE:605081) Momentum Rank : 1 (As of Jun. 03, 2024)

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What is Shanghai Taihe Water Technology Development Co Momentum Rank?

Shanghai Taihe Water Technology Development Co has the Momentum Rank of 1.

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 Shanghai Taihe Water Technology Development Co's Momentum Rank

For the Waste Management subindustry, Shanghai Taihe Water Technology Development 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.

Shanghai Taihe Water Technology Development Co's Momentum Rank Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Shanghai Taihe Water Technology Development Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shanghai Taihe Water Technology Development Co's Momentum Rank falls into.

Shanghai Taihe Water Technology Development Co Momentum Rank Related Terms

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Shanghai Taihe Water Technology Development Co (SHSE:605081) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Shanghai Taihe Water Technology Development Co Ltd (SHSE:605081) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 19, Lane 38, Caoli Road, Room 1957, Fengjing Town, Jinshan District, Shanghai, CHN, 201501

Website

http://www.shtaihe.com

Shanghai Taihe Water Environmental Technology Development Co Ltd provides underwater ecological restoration research and development services. In the fields of ecological restoration of eutrophic water in rivers and lakes, rural sewage treatment, water quality protection of drinking water sources, and improvement of reclaimed water standards, company provides customers with on-site surveys, water quality testing, program design, ecosystem construction, Integrated solutions and technical services such as system maintenance.

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