Da Ming International Holdings (HKSE:01090) Momentum Rank : 1 (As of Mar. 02, 2025)

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What is Da Ming International Holdings Momentum Rank?

Da Ming International Holdings has the Momentum Rank of 1.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Da Ming International Holdings's Momentum Rank

For the Steel subindustry, Da Ming International Holdings'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.

Da Ming International Holdings's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Da Ming International Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Da Ming International Holdings's Momentum Rank falls into.

Da Ming International Holdings Momentum Rank Related Terms

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Da Ming International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Da Ming International Holdings Ltd (HKSE:01090) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1518, Tong Jiang Road, Wuxi, Jiangsu, CHN

Website

http://www.dmssc.net

Da Ming International Holdings Ltd is engaged in processing, distribution and sale of stainless steel and carbon steel products. The reportable operating segments of the company are; Processing which derives key revenue and includes processing of stainless steel and carbon steel products and components, and equipment, and the Manufacturing segment which involves manufacturing of equipment and mechanical parts. Geographically, the firm generates a majority of its revenue from Mainland China and the rest from Hong Kong and other overseas countries and regions.

Executives

Ally Good Group Limited	2101 Beneficial owner
Xu Xia	2202 Interest of your spouse
Zhou Keming	2201 Interest of corporation controlled by you
Zhong Guo Bao Wu Gang Tie Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

Da Ming International Holdings Headlines

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