Emeren Group (Emeren Group) Momentum Rank : 2 (As of Apr. 27, 2024)

View and export this data going back to 2008. Start your Free Trial

What is Emeren Group Momentum Rank?

Emeren Group 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 Emeren Group's Momentum Rank

For the Solar subindustry, Emeren Group'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.

Emeren Group's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Emeren Group's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Emeren Group's Momentum Rank falls into.

Emeren Group Momentum Rank Related Terms

Thank you for viewing the detailed overview of Emeren Group's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Emeren Group (Emeren Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Emeren Group Ltd (NYSE:SOL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SOL:Mexico VQKB:Germany VQKB:Germany

Address

100 First Stamford Place, Suite 302, Stamford, CT, USA, 06902

Website

https://www.emeren.com

Emeren Group Ltd is a leading global solar project developer, owner, and operator with a ~3 GW pipeline of projects and IPP assets across Europe, North America, and Asia. The company focuses on solar power project development, construction management, and project financing services with local professional teams in more than 10 countries.

Executives

Capital Management Shah

director, 10 percent owner

8601 SIX FORKS ROAD, SUITE 630, RALEIGH NC 27615