Inner Mongolia First Machinery Group Co (SHSE:600967) Momentum Rank : 10 (As of May. 23, 2024)

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What is Inner Mongolia First Machinery Group Co Momentum Rank?

Inner Mongolia First Machinery Group 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Inner Mongolia First Machinery Group Co's Momentum Rank

For the Aerospace & Defense subindustry, Inner Mongolia First Machinery 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.

Inner Mongolia First Machinery Group Co's Momentum Rank Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Inner Mongolia First Machinery Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Inner Mongolia First Machinery Group Co's Momentum Rank falls into.

Inner Mongolia First Machinery Group Co Momentum Rank Related Terms

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Inner Mongolia First Machinery Group Co (SHSE:600967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Inner Mongolia First Machinery Group Co Ltd (SHSE:600967) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Democratic Road, Inner Mongolia Autonomous Region, Qingshan District, Baotou, CHN, 014030

Website

http://www.bfcy.cc

Inner Mongolia First Machinery Group Co Ltd manufactures and distributes freight cars, gondola cars, tank cars, flatcars, boxcars, hopper cars, brake beams, bogies, and axles. The other business involves the research and development, sales, and manufacturing of railway trucks and parts, machinery equipment, and pressure vessels. The companies export region covers Asia, Africa, South America, and North America and other countries and regions.

Inner Mongolia First Machinery Group Co (SHSE:600967) Headlines

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