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Ximei Resources Holding (HKSE:09936) 12-1 Month Momentum % : -2.77% (As of May. 21, 2024)


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What is Ximei Resources Holding 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-05-21), Ximei Resources Holding's 12-1 Month Momentum % is -2.77%.

The industry rank for Ximei Resources Holding's 12-1 Month Momentum % or its related term are showing as below:

HKSE:09936's 12-1 Month Momentum % is ranked better than
55.09% of 1561 companies
in the Chemicals industry
Industry Median: -6.76 vs HKSE:09936: -2.77

Competitive Comparison of Ximei Resources Holding's 12-1 Month Momentum %

For the Specialty Chemicals subindustry, Ximei Resources Holding's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % 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.


Ximei Resources Holding's 12-1 Month Momentum % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ximei Resources Holding's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Ximei Resources Holding's 12-1 Month Momentum % falls into.



Ximei Resources Holding  (HKSE:09936) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Ximei Resources Holding  (HKSE:09936) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Ximei Resources Holding 12-1 Month Momentum % Related Terms

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Ximei Resources Holding (HKSE:09936) Business Description

Traded in Other Exchanges
N/A
Address
Hongqiao Village, Qiaotou Town, Guangdong Province, Yingde, CHN
Ximei Resources Holding Ltd produces tantalum- and niobium-based metallurgical products in China. Tantalum- and niobium-based metallurgical products are essential in the downstream manufacture of many products used in high-tech industries, such as special alloy, chemical, electronic ceramics, aeronautics, aerospace, high-end electronics, defence and hard alloy. Its principal products are tantalum pentoxide and niobium pentoxide. It also produces and sells potassium heptafluorotantalate. The company sells processed products such as tantalum bars, tantalum carbide, niobium bars and niobium powder, which are produced by engaging third-party metallurgy companies to process the pentoxide products and potassium heptafluorotantalate it produces or purchased from third-party metallurgy companies.

Ximei Resources Holding (HKSE:09936) Headlines

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