China Nonferrous Metal Industry's Foreign Engineeringnstruction Co (SZSE:000758) Momentum Rank : 6 (As of May. 27, 2024)

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What is China Nonferrous Metal Industry's Foreign Engineeringnstruction Co Momentum Rank?

China Nonferrous Metal Industry's Foreign Engineeringnstruction Co has the Momentum Rank of 6.

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 Nonferrous Metal Industry's Foreign Engineeringnstruction Co's Momentum Rank

For the Other Industrial Metals & Mining subindustry, China Nonferrous Metal Industry's Foreign Engineeringnstruction 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.

China Nonferrous Metal Industry's Foreign Engineeringnstruction Co's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, China Nonferrous Metal Industry's Foreign Engineeringnstruction Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China Nonferrous Metal Industry's Foreign Engineeringnstruction Co's Momentum Rank falls into.

China Nonferrous Metal Industry's Foreign Engineeringnstruction Co Momentum Rank Related Terms

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China Nonferrous Metal Industry's Foreign Engineeringnstruction Co (SZSE:000758) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » China Nonferrous Metal Industry's Foreign Engineering & Construction Co Ltd (SZSE:000758) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

NFC Building,10 Anding Road, Beijing, CHN, 100029

Website

http://www.nfc.com.cn

China Nonferrous Metal Industry's Foreign Engineering & Construction Co Ltd is mainly engaged in nonferrous metal resources exploitation. The company has established its major markets in the Middle East, Central and North Asia, Central and South Africa.

Executives

Wang Xin Yu	Executives
Zhang Shi Li	Executives
Xie Ya Heng	Executives
Zhao Yu Feng	Executives
Gong Xin Yong	Executives
Ma Jin Ping	Executives
Gao De Hua	Executives
Qin Jun Man	Executives
Wang Hong Qian	Directors, executives
Li Xiao Feng	Executives
Du Bin	Directors, executives
Zou Qiao	Director

China Nonferrous Metal Industry's Foreign Engineeringnstruction Co (SZSE:000758) Headlines

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