Ganfeng Lithium Group Co (SZSE:002460) Momentum Rank : 4 (As of May. 02, 2024)

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What is Ganfeng Lithium Group Co Momentum Rank?

Ganfeng Lithium Group Co has the Momentum Rank of 4.

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 Ganfeng Lithium Group Co's Momentum Rank

For the Chemicals subindustry, Ganfeng Lithium Group 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.

Ganfeng Lithium Group Co's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ganfeng Lithium Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ganfeng Lithium Group Co's Momentum Rank falls into.

Ganfeng Lithium Group Co Momentum Rank Related Terms

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Ganfeng Lithium Group Co (SZSE:002460) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ganfeng Lithium Group Co Ltd (SZSE:002460) » Definitions » Momentum Rank

Traded in Other Exchanges

GNENY:USA GNENF:USA 01772:Hong Kong 39EA:Germany

Address

248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG

Website

http://www.ganfenglithium.com

Founded in 2000, Ganfeng is the world's third largest and China's largest lithium compounds producer and the world's largest lithium metals producer in terms of production capacity. The company offers five major categories of more than 40 lithium compounds and metals products, which is one of the most comprehensive product offerings among the suppliers globally. Starting as a midstream manufacturer of lithium compounds and lithium metals, Ganfeng has successfully expanded into a vertically integrated business model with operations along the critical stages of the industry value chain, including upstream lithium extraction, midstream lithium compounds and metals processing, and downstream lithium battery production and recycling.

Ganfeng Lithium Group Co (SZSE:002460) Headlines

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