China XLX Fertiliser (HKSE:01866) Momentum Rank : 10 (As of Apr. 30, 2024)

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What is China XLX Fertiliser Momentum Rank?

China XLX Fertiliser 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 China XLX Fertiliser's Momentum Rank

For the Agricultural Inputs subindustry, China XLX Fertiliser'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.

China XLX Fertiliser's Momentum Rank Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, China XLX Fertiliser's Momentum Rank distribution charts can be found below:

* The bar in red indicates where China XLX Fertiliser's Momentum Rank falls into.

China XLX Fertiliser Momentum Rank Related Terms

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China XLX Fertiliser (HKSE:01866) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » China XLX Fertiliser Ltd (HKSE:01866) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinxiang Economic Development Zone, Henan Province, Xinxiang, CHN, 453731

Website

http://www.chinaxlx.com.hk

China XLX Fertiliser Ltd is an investment holding company engaged in the manufacturing and sale of fertilizers. It operates in the following segments: Urea, Compound fertilizer, DME (dimethyl ether), Methanol, Melamine, Urea Solution for vehicles, Furfuryl alcohol, Medical Intermediate, and others. Its geographical segments are China and Overseas, of which China accounts for the vast majority of its revenue.

China XLX Fertiliser (HKSE:01866) Headlines

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