Inner Mongolia Dian Tou Energy (SZSE:002128) Momentum Rank : 3 (As of May. 24, 2024)

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What is Inner Mongolia Dian Tou Energy Momentum Rank?

Inner Mongolia Dian Tou Energy has the Momentum Rank of 3.

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 Dian Tou Energy's Momentum Rank

For the Thermal Coal subindustry, Inner Mongolia Dian Tou Energy'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 Dian Tou Energy's Momentum Rank Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Inner Mongolia Dian Tou Energy's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Inner Mongolia Dian Tou Energy's Momentum Rank falls into.

Inner Mongolia Dian Tou Energy Momentum Rank Related Terms

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Inner Mongolia Dian Tou Energy (SZSE:002128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Inner Mongolia Dian Tou Energy Corp Ltd (SZSE:002128) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Zhelimu Avenue, Huolinguole, Inner Mongolia, CHN, 029200

Website

http://www.zdhm.com.cn

Huolinhe Opencut Coal Industry Corp Ltd Of Inner Mongolia operates in the coal industry. The company's main business is the production and sales of coal products; thermal power generation, coal mining and power generation.

Executives

Wang Zhen Lin	Executives
Wang Tie Jun	Executives
Cao Guang Hua	Supervisors
He Jiang Chao	Director
Xu Zhang You	Executives
Liu Ming Sheng	Director
Bai Gui Tang	Supervisors
Wang Shu Dong	Director
Mu Yan Rong	Director
Zhang Xia	Director
Wang Zhi Tian	Executives
Mao Ai Ying	Supervisors
Zhang Ming Yu	Independent director, within six months of separat
Chen Li Jie	Directors, executives
Liu Yi Yong	Directors, executives

Inner Mongolia Dian Tou Energy (SZSE:002128) Headlines

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