Jinneng Holding Shanxi Coal Industry Co (SHSE:601001) Momentum Rank : 3 (As of Jun. 07, 2024)

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What is Jinneng Holding Shanxi Coal Industry Co Momentum Rank?

Jinneng Holding Shanxi Coal Industry Co has the Momentum Rank of 3.

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 Jinneng Holding Shanxi Coal Industry Co's Momentum Rank

For the Thermal Coal subindustry, Jinneng Holding Shanxi Coal Industry 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.

Jinneng Holding Shanxi Coal Industry Co's Momentum Rank Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Jinneng Holding Shanxi Coal Industry Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Jinneng Holding Shanxi Coal Industry Co's Momentum Rank falls into.

Jinneng Holding Shanxi Coal Industry Co Momentum Rank Related Terms

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Jinneng Holding Shanxi Coal Industry Co (SHSE:601001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Jinneng Holding Shanxi Coal Industry Co Ltd (SHSE:601001) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Xinpingwang Mining District, Office Building of Datong Mining Bureau, Shanxi Province, Datong, CHN, 037003

Website

http://www.dtmy.com.cn

Jinneng Holding Shanxi Coal Industry Co Ltd, formerly Datong Coal Industry Co Ltd is engaged in mining, washing, processing and distributing coal. The coal is used in various industries namely electric power, metallurgical, and other industries.

Executives

Li Cheng Shan

Supervisors

Jinneng Holding Shanxi Coal Industry Co (SHSE:601001) Headlines

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