Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Momentum Rank : 8 (As of May. 12, 2024)

View and export this data going back to 1996. Start your Free Trial

What is Pangang Group Vanadium & Titanium Resources Co Momentum Rank?

Pangang Group Vanadium & Titanium Resources Co has the Momentum Rank of 8.

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 Pangang Group Vanadium & Titanium Resources Co's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Pangang Group Vanadium & Titanium Resources Co'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.

Pangang Group Vanadium & Titanium Resources Co's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Pangang Group Vanadium & Titanium Resources Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Pangang Group Vanadium & Titanium Resources Co's Momentum Rank falls into.

Pangang Group Vanadium & Titanium Resources Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Pangang Group Vanadium & Titanium Resources Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pangang Group Vanadium & Titanium Resources Co Ltd (SZSE:000629) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

West Section of Gangcheng Avenue, Panzhihua Culture Square, No. 21, East District, Sichuan Province, Panzhihua, CHN, 617067

Website

http://www.pgvt.cn

Pangang Group Vanadium Titanium & Resources Co Ltd is engaged in manufacturing and distributing vanadium pentoxide, vanadium iron, high-vanadium iron, vanadium trioxide, vanadium nitrogen alloy, titanium dioxide, and titanium dioxide. The company products are used in steel, chemical, military, electronics, and other industries.

Pangang Group Vanadium & Titanium Resources Co (SZSE:000629) Headlines

No Headlines