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Rare Earth Magnesium Technology Group Holdings (STU:GPS) 12-1 Month Momentum % : N/A% (As of Jun. 15, 2024)


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What is Rare Earth Magnesium Technology Group Holdings 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 (2024-06-15), Rare Earth Magnesium Technology Group Holdings's 12-1 Month Momentum % is N/A%.

The industry rank for Rare Earth Magnesium Technology Group Holdings's 12-1 Month Momentum % or its related term are showing as below:

STU:GPS's 12-1 Month Momentum % is not ranked *
in the Metals & Mining industry.
Industry Median: -21.47
* Ranked among companies with meaningful 12-1 Month Momentum % only.

Competitive Comparison of Rare Earth Magnesium Technology Group Holdings's 12-1 Month Momentum %

For the Other Industrial Metals & Mining subindustry, Rare Earth Magnesium Technology Group Holdings'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.


Rare Earth Magnesium Technology Group Holdings's 12-1 Month Momentum % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rare Earth Magnesium Technology Group Holdings's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Rare Earth Magnesium Technology Group Holdings's 12-1 Month Momentum % falls into.



Rare Earth Magnesium Technology Group Holdings  (STU:GPS) 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.


Rare Earth Magnesium Technology Group Holdings  (STU:GPS) 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.


Rare Earth Magnesium Technology Group Holdings 12-1 Month Momentum % Related Terms

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Rare Earth Magnesium Technology Group Holdings (STU:GPS) Business Description

Traded in Other Exchanges
Address
The Gateway, 16th Floor, Tower 5, Tsim Sha Tsui, Kowloon, Harbour city, Hong Kong, HKG
Rare Earth Magnesium Technology Group Holdings Ltd is to develop, produce and sell magnesium alloy series products. The company is principally engaged in one single segment, which is manufacturing and selling magnesium-related products. The company's products include magnesium ingots, semi-coke, and ferroalloy. Geographically, it derives the majority of its revenue from Mainland China and also has a presence in Europe.

Rare Earth Magnesium Technology Group Holdings (STU:GPS) Headlines