GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Nanjing Hanrui Cobalt Co Ltd (SZSE:300618) » Definitions » Momentum Rank

Nanjing Hanrui Cobalt Co (SZSE:300618) Momentum Rank : 5 (As of May. 01, 2024)


View and export this data going back to 2017. Start your Free Trial

What is Nanjing Hanrui Cobalt Co Momentum Rank?

Nanjing Hanrui Cobalt Co has the Momentum Rank of 5.

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 Nanjing Hanrui Cobalt Co's Momentum Rank

For the Copper subindustry, Nanjing Hanrui Cobalt 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.


Nanjing Hanrui Cobalt Co's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nanjing Hanrui Cobalt Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nanjing Hanrui Cobalt Co's Momentum Rank falls into.



Nanjing Hanrui Cobalt Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Nanjing Hanrui Cobalt Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.


Nanjing Hanrui Cobalt Co (SZSE:300618) Business Description

Traded in Other Exchanges
N/A
Address
No. 115, Jinghuai Street, Jiangning Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 211100
Nanjing Hanrui Cobalt Co Ltd is a China-based company engaged in the extraction of cobalt and copper ore. The business activities of the group include development and deep processing of cobalt and copper mineral resources and forming an integrated industrial chain from mineral resources development and smelting the same to produce cobalt intermediate products and cobalt powder which guarantee the stable supply of resources. Geographically the group holds a marketing network in multiple countries and regions including South Korea, Japan, Germany, Switzerland, Israel, India, and the USA.

Nanjing Hanrui Cobalt Co (SZSE:300618) Headlines

No Headlines