GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BYD Co Ltd (MEX:1211) » Definitions » Momentum Rank

BYD Co (MEX:1211) Momentum Rank : 0 (As of Oct. 09, 2024)


View and export this data going back to 2024. Start your Free Trial

What is BYD Co Momentum Rank?

BYD Co 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

BYD Co Momentum Rank Related Terms

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

BYD Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BYD Co Ltd (MEX:1211) » Definitions » Momentum Rank
Comparable Companies
SHSE:600104 SHSE:601127 SZSE:000338 SZSE:000625 SHSE:601238 SHSE:600418 SHSE:600733 SZSE:000800 SHSE:603529 SHSE:600166 TSLA TSE:7203 MIL:RACE XTER:P911 XTER:MBG XTER:BMW XTER:VOW3 TSE:7267 GM NSE:MARUTI
Traded in Other Exchanges
BYDDY:USA BYDDF:USA 01211:Hong Kong 0HKY:UK 0VSO:UK BY6A:Germany BY6:Germany BY6:Germany BY6A:Germany BY6:Germany 002594:China BY6:Bulgaria BY6:Austria
Address
No. 3009, BYD Road, Pingshan, Guangdong Province, Shenzhen, CHN, 518118
Website
https://www.byd.com
Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China's passenger vehicle market. The company sold about 3 million passenger NEVs in 2023, accounting for 33% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.

BYD Co Headlines

No Headlines