China Natural Resources (STU:NY6) Momentum Rank : 1 (As of May. 16, 2024)

View and export this data going back to 2007. Start your Free Trial

What is China Natural Resources Momentum Rank?

China Natural Resources has the Momentum Rank of 1.

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 China Natural Resources's Momentum Rank

For the Pollution & Treatment Controls subindustry, China Natural Resources'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.

China Natural Resources's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, China Natural Resources's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Natural Resources's Momentum Rank falls into.

China Natural Resources Momentum Rank Related Terms

Thank you for viewing the detailed overview of China Natural Resources's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

China Natural Resources (STU:NY6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Natural Resources Inc (STU:NY6) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

CHNR:USA

Address

168-200 Connaught Road Central, Room 2205, 22nd Floor, West Tower, Shun Tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.chnr.net

China Natural Resources Inc is an investment holding company. It principally engaged in the exploration and mining and wastewater treatment businesses in the People's Republic of China. The company has two operating segments: (i) Wastewater treatment segment, which consists of sales of assembled equipment, provision of construction service, and participation in PPP projects as an operator (ii) Exploration and mining segment, which consists of the exploration of lead, silver, and other metals in the Inner Mongolia Autonomous Region of the PRC and the trading of copper ores products. It earns the majority of its revenue from the Wastewater treatment segment.

China Natural Resources (STU:NY6) Headlines

No Headlines