Chongyi Zhangyuan Tungsten Co (SZSE:002378) Momentum Rank : 6 (As of May. 27, 2024)

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What is Chongyi Zhangyuan Tungsten Co Momentum Rank?

Chongyi Zhangyuan Tungsten 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.

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Competitive Comparison of Chongyi Zhangyuan Tungsten Co's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Chongyi Zhangyuan Tungsten 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.

Chongyi Zhangyuan Tungsten Co's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Chongyi Zhangyuan Tungsten Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Chongyi Zhangyuan Tungsten Co's Momentum Rank falls into.

Chongyi Zhangyuan Tungsten Co Momentum Rank Related Terms

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Chongyi Zhangyuan Tungsten Co (SZSE:002378) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Chongyi Zhangyuan Tungsten Co Ltd (SZSE:002378) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Chongyi, Ganzhou, Jiangxi, CHN, 341300

Website

http://www.zy-tungsten.com

Chongyi Zhangyuan Tungsten Co Ltd is engaged in tungsten mining, smelting, milling, hard alloying, deep processing, and trade.

Executives

Liu Ji	Directors, Directors, and Executives
Huang Wen	Executives
Huang Ze Hui	Executives
Zhao Li Fu	Directors, executives
Zhang Zong Wei	Supervisors
Shi Yu Sheng	Executives
Huang Shi Chun	Directors, executives
Fan Di Yao	Directors, executives
Lai Chang Hong	Executives
Yang Gui Bin	Executives
Huang Ze Lan	Director
Yu Yue Guang	Director

Chongyi Zhangyuan Tungsten Co (SZSE:002378) Headlines

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