Shandong Humon Smelting Co (SZSE:002237) Momentum Rank : 6 (As of May. 25, 2024)

View and export this data going back to 2008. Start your Free Trial

What is Shandong Humon Smelting Co Momentum Rank?

Shandong Humon Smelting Co has the Momentum Rank of 6.

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 Shandong Humon Smelting Co's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Shandong Humon Smelting 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.

Shandong Humon Smelting Co's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Shandong Humon Smelting Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shandong Humon Smelting Co's Momentum Rank falls into.

Shandong Humon Smelting Co Momentum Rank Related Terms

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

Shandong Humon Smelting Co (SZSE:002237) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shandong Humon Smelting Co Ltd (SZSE:002237) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Shuidao Town, Muping District, Shandong Province, Yantai, CHN, 264109

Website

http://www.hbyl.cn

Shandong Humon Smelting Co Ltd is a China-based company engaged in the exploration, mining, and smelting of gold and the manufacturing of chemical products. The main products are vitriol, gold, silver, sulfuric acid, cathode copper, electrolytic copper and ammonium phosphate, and electrolytic lead.

Executives

Zhang Jun Feng	Executives
Wang Xin En	Secretary, Director
Zhan Shu Ping	Independent director
Jiang Lan Ying	Supervisors
Wang Na	Supervisors
Zhang Yan Han	Supervisors
Gao Zheng Lin	Director
Zhang Ji Xue	Director
Wang Jia Hao	Director
Kong Tao	Supervisors
Xu Jing Xi	Director

Shandong Humon Smelting Co (SZSE:002237) Headlines

No Headlines