Xinjiang Xinxin Mining Industry Co (HKSE:03833) Momentum Rank : 10 (As of May. 21, 2024)

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What is Xinjiang Xinxin Mining Industry Co Momentum Rank?

Xinjiang Xinxin Mining Industry Co has the Momentum Rank of 10.

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 Xinjiang Xinxin Mining Industry Co's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Xinjiang Xinxin Mining Industry 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.

Xinjiang Xinxin Mining Industry Co's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Xinjiang Xinxin Mining Industry Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Xinjiang Xinxin Mining Industry Co's Momentum Rank falls into.

Xinjiang Xinxin Mining Industry Co Momentum Rank Related Terms

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Xinjiang Xinxin Mining Industry Co (HKSE:03833) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xinjiang Xinxin Mining Industry Co Ltd (HKSE:03833) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

33X1:Germany

Address

Fusion South Road, No. 501, Cooperation Zone, Economic and Technological, Urumqi, Xinjiang, CHN

Website

http://kunlun.wsfg.hk

Xinjiang Xinxin Mining Industry Co Ltd is a nickel cathode producer. In addition to producing nickel cathode using nickel sulfide resources, the company is engaged in mining, ore processing, smelting and refining operations and sales of nickel, copper and other non-ferrous metals. Its product portfolio includes nickel cathode and copper cathode. It also produces Cobalt products, gold, silver, platinum, and palladium. The majority of the group's revenue is derived from sales of nickel, copper and other non-ferrous metal products in China.

Xinjiang Xinxin Mining Industry Co (HKSE:03833) Headlines

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