Ning Xia Yin Xing Energy Co (SZSE:000862) Momentum Rank : 7 (As of Jun. 06, 2024)

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What is Ning Xia Yin Xing Energy Co Momentum Rank?

Ning Xia Yin Xing Energy Co has the Momentum Rank of 7.

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 Ning Xia Yin Xing Energy Co's Momentum Rank

For the Specialty Industrial Machinery subindustry, Ning Xia Yin Xing Energy 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.

Ning Xia Yin Xing Energy Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ning Xia Yin Xing Energy Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ning Xia Yin Xing Energy Co's Momentum Rank falls into.

Ning Xia Yin Xing Energy Co Momentum Rank Related Terms

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Ning Xia Yin Xing Energy Co (SZSE:000862) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ning Xia Yin Xing Energy Co Ltd (SZSE:000862) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.166, Liupanshan West Road, Xixia District, Ningxia, Wuzhong, CHN, 750021

Website

http://www.nxyxny.com.cn

Ning Xia Yin Xing Energy Co Ltd is a China-based company engaged in the energy equipment manufacturing. The company operates through two business divisions including renewable energy generation and renewable energy equipment manufacturing. The renewable energy equipment manufacturing consists of wind power equipment manufacturing and solar photovoltaic power equipment manufacturing. The company is engaged in renewable energy generation through its wind farms located at china. It also offers products for renewable energy equipment manufacturing including photovoltaic cells, photovoltaic modules, wind tower, wind power gearbox, and wind turbine.

Executives

Zhu Huai Wen

Executives

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