GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ningbo Jintian Copper Group Co Ltd (SHSE:601609) » Definitions » 12-1 Month Momentum %

Ningbo Jintian Copper Group Co (SHSE:601609) 12-1 Month Momentum % : -9.29% (As of May. 03, 2024)


View and export this data going back to 2020. Start your Free Trial

What is Ningbo Jintian Copper Group 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 (2024-05-03), Ningbo Jintian Copper Group Co's 12-1 Month Momentum % is -9.29%.

The industry rank for Ningbo Jintian Copper Group Co's 12-1 Month Momentum % or its related term are showing as below:

SHSE:601609's 12-1 Month Momentum % is ranked better than
68.54% of 2591 companies
in the Metals & Mining industry
Industry Median: -29.88 vs SHSE:601609: -9.29

Competitive Comparison of Ningbo Jintian Copper Group Co's 12-1 Month Momentum %

For the Copper subindustry, Ningbo Jintian Copper Group 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.


Ningbo Jintian Copper Group Co's 12-1 Month Momentum % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Ningbo Jintian Copper Group Co's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Ningbo Jintian Copper Group Co's 12-1 Month Momentum % falls into.



Ningbo Jintian Copper Group Co  (SHSE:601609) 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.


Ningbo Jintian Copper Group Co  (SHSE:601609) 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.


Ningbo Jintian Copper Group Co 12-1 Month Momentum % Related Terms

Thank you for viewing the detailed overview of Ningbo Jintian Copper Group Co's 12-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.


Ningbo Jintian Copper Group Co (SHSE:601609) Business Description

Traded in Other Exchanges
N/A
Address
No.1 West West Road, Cicheng Town, Zhejiang Province, Ningbo, CHN, 315034
Ningbo Jintian Copper Group Co Ltd is engaged in production and sales of recycled copper smelting, copper product processing, deep processing and sintered NdFeB permanent magnet materials. Its activity includes nonferrous and ferrous metal rolling, processing; manufacturing and processing of grinding wheels, wires, motors, hardware, valves, electronic components, fasteners; enameled wire, electrolytic copper, copper rods, plates, tapes, wires, tubes, magnetic materials, stainless steel products.

Ningbo Jintian Copper Group Co (SHSE:601609) Headlines

No Headlines