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JL Mag Rare-Earth Co (SZSE:300748) 12-1 Month Momentum % : -5.56% (As of May. 06, 2024)


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What is JL Mag Rare-Earth Co 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-06), JL Mag Rare-Earth Co's 12-1 Month Momentum % is -5.56%.

The industry rank for JL Mag Rare-Earth Co's 12-1 Month Momentum % or its related term are showing as below:

SZSE:300748's 12-1 Month Momentum % is ranked worse than
63.44% of 2921 companies
in the Industrial Products industry
Industry Median: -0.72 vs SZSE:300748: -5.56

Competitive Comparison of JL Mag Rare-Earth Co's 12-1 Month Momentum %

For the Metal Fabrication subindustry, JL Mag Rare-Earth Co's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % 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.


JL Mag Rare-Earth Co's 12-1 Month Momentum % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, JL Mag Rare-Earth Co's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where JL Mag Rare-Earth Co's 12-1 Month Momentum % falls into.



JL Mag Rare-Earth Co  (SZSE:300748) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


JL Mag Rare-Earth Co  (SZSE:300748) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


JL Mag Rare-Earth Co 12-1 Month Momentum % Related Terms

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JL Mag Rare-Earth Co (SZSE:300748) Business Description

Traded in Other Exchanges
Address
81 West Jinling Road, Economic and Technological Development Zone, Jiangxi Province, Ganzhou, CHN, 341000
JL Mag Rare-Earth, or JL Mag, is a leading global producer of high-performance rare earth permanent magnets, or REPMs. JL Mag focuses on the production and sale of NdFeB PMs, the most widely used type of REPMs, mainly made from an alloy of neodymium (Nd), iron (Fe) and boron (B). The company is ranked first in the world by high-performance REPMs, according to Frost & Sullivan. JL Mag is also ranked first in the global grain boundary diffusion, or GBD, REPMs market. Its products have a wide array of applications, mainly in new energy vehicles, or NEVs, automotive parts, wind turbine generators, energy-saving variable-frequency air-conditioners, or VFACs.

JL Mag Rare-Earth Co (SZSE:300748) Headlines

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