China Vanadium Titano-Magnetite Mining Co (FRA:CV8S) Momentum Rank : 0 (As of Sep. 21, 2024)

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What is China Vanadium Titano-Magnetite Mining Co Momentum Rank?

China Vanadium Titano-Magnetite Mining Co has the Momentum Rank of 0.

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.

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China Vanadium Titano-Magnetite Mining Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » China Vanadium Titano-Magnetite Mining Co Ltd (FRA:CV8S) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

00893:Hong Kong

Address

1 Matheson Street, 31st Floor, Tower Two Times Square, Causeway Bay, Hong Kong, HKG

Website

https://www.chinavtmmining.com

China Vanadium Titano-Magnetite Mining Co Ltd is engaged in mining and ore processing; sale of self-produced products; trading of steels; management of strategic investments; and rendering of specialized mining services. Its segments include the High-Fe Mining operation segment comprises the operation of the sale of self-produced high-grade iron concentrates within the range of 65% TFe to 72% TFe and the provision of consultancy and management services; the Trading segment comprises the operation of the sale of traded products; and the Corporate and others segment covers the nonoperating activities supporting the group which includes the central functions such as the functional costs that have not been allocated to the other segments.

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