JL Mag Rare-Earth Co (HKSE:06680) Momentum Rank : 0 (As of Jun. 10, 2024)

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What is JL Mag Rare-Earth Co Momentum Rank?

JL Mag Rare-Earth 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.

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JL Mag Rare-Earth Co (HKSE:06680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » JL Mag Rare-Earth Co Ltd (HKSE:06680) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

3KLA:Germany 300748:China

Address

81 West Jinling Road, Economic and Technological Development Zone, Jiangxi Province, Ganzhou, CHN, 341000

Website

https://www.jlmag.com.cn

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.

Executives

Zhu Que Ji Jin Guan Li You Xian Gong Si	2102 Investment manager
Cai Bao Gui	2201 Interest of corporation controlled by you
Hu Zhi Bin	2201 Interest of corporation controlled by you
Jiang Xi Rui De Chuang Ye Tou Zi You Xian Gong Si	2101 Beneficial owner
Li Xin Nong	2201 Interest of corporation controlled by you
Morgan Stanley	2201 Interest of corporation controlled by you
Citic Group Corporation	2201 Interest of corporation controlled by you
Zhong Guo Guo You Qi Ye Hun He Suo You Zhi Gai Ge Ji Jin You Xian Gong Si	2101 Beneficial owner
Zhong Guo Cheng Tong Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Xin Bao Cheng Ren Shou Bao Xian You Xian Gong Si	2101 Beneficial owner
Cr Alpha Investment Ii Limited
Prudential Plc	2101 Beneficial owner
Citic Polaris Limited	2201 Interest of corporation controlled by you
Citic Limited	2201 Interest of corporation controlled by you
China Resources (holdings) Company Limited

JL Mag Rare-Earth Co (HKSE:06680) Headlines

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