Tunghsu Azure Renewable Energy Co (SZSE:000040) Momentum Rank : 2 (As of May. 24, 2024)

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What is Tunghsu Azure Renewable Energy Co Momentum Rank?

Tunghsu Azure Renewable Energy Co has the Momentum Rank of 2.

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 Tunghsu Azure Renewable Energy Co's Momentum Rank

For the Utilities - Renewable subindustry, Tunghsu Azure Renewable Energy 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.

Tunghsu Azure Renewable Energy Co's Momentum Rank Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Tunghsu Azure Renewable Energy Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Tunghsu Azure Renewable Energy Co's Momentum Rank falls into.

Tunghsu Azure Renewable Energy Co Momentum Rank Related Terms

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Tunghsu Azure Renewable Energy Co (SZSE:000040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Tunghsu Azure Renewable Energy Co Ltd (SZSE:000040) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

25-27th Floor Hongji Building, No 1011 Dong Men Zhong Road, Guangdong, Shenzhen, CHN, 518001

Website

http://www.dongxulantian.com

Tunghsu Azure Renewable Energy Co Ltd is engaged in the business of new energy and ecological protection. It offers smart energy with multi-complementary, integrated distribution, and cogeneration of cold and heat, through environmental protection. The company also provides a package of green development solution. Its business scope covers ecological comprehensive management, water environment restoration and operation, soil and mine restoration, and hazardous waste/solid waste treatment. In addition, it provides local governments with planning and design in the fields of infrastructure construction and eco-environmental protection, investment, construction, operations, management, and other life cycle solutions.

Executives

Chen Wei	Director
Li Dong Ming	Executives
You Ming Tian	Supervisors
Chen Han Zhong	Executives
Luo Wei Guang	Executives
Yan Jin Hui	Director
Qiu Sheng Kai	Executives
Huang Xu Hui	Executives
Deng Xue Qin	Director
Shen Shu Jiang	Executives
Lin Yin Fu	Supervisors
Zhou Ke Tian	Director

Tunghsu Azure Renewable Energy Co (SZSE:000040) Headlines

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