Shaanxi Sirui Advanced Materials Co (SHSE:688102) Momentum Rank : 0 (As of May. 24, 2024)

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What is Shaanxi Sirui Advanced Materials Co Momentum Rank?

Shaanxi Sirui Advanced Materials 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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Shaanxi Sirui Advanced Materials Co (SHSE:688102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shaanxi Sirui Advanced Materials Co Ltd (SHSE:688102) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 12, Zhangbaqi Road, High-tech Zone, Shaanxi Province, Xi'an, CHN, 710077

Website

https://www.sxsr.com

Shaanxi Sirui Advanced Materials Co Ltd focuses on the research and development and manufacture of high-performance copper alloy materials, products and other special copper alloy series materials.

Executives

Xu Run Sheng	Director
Li Gang	Director
Liang Jian Bin	Director
Fan Min	Director
Ma Guo Qing	Director
Sun Jun Peng	Director
Ren Lei	Director
Wang Wan Gang	Director
Wu Xu Hong	Director
Wang Wen Bin	Directors, senior managers, core technical personn
Yu Gao Feng	Director
Zhang Hang	Director
Sheng Qing Yi	Director

Shaanxi Sirui Advanced Materials Co (SHSE:688102) Headlines

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