Nan Nan Resources Enterprise (HKSE:01229) Momentum Rank : 8 (As of Jun. 22, 2024)

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What is Nan Nan Resources Enterprise Momentum Rank?

Nan Nan Resources Enterprise has the Momentum Rank of 8.

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.

Competitive Comparison of Nan Nan Resources Enterprise's Momentum Rank

For the Thermal Coal subindustry, Nan Nan Resources Enterprise'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.

Nan Nan Resources Enterprise's Momentum Rank Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Nan Nan Resources Enterprise's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nan Nan Resources Enterprise's Momentum Rank falls into.

Nan Nan Resources Enterprise Momentum Rank Related Terms

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Nan Nan Resources Enterprise (HKSE:01229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Nan Nan Resources Enterprise Ltd (HKSE:01229) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

18 Harcourt Road, Admiralty Centre, 8th Floor, Tower 2, Admiralty, Hong Kong, HKG

Website

http://www.nannanlisted.com

Nan Nan Resources Enterprise Ltd is an investment holding company. The company's operating segment include Coal mining business, Renewable energy and IT Services business. The coal mining business segment is engaged in mining and sales of coal mine in the PRC. It generates maximum revenue from the Coal mining business segment. Geographically, it derives a majority of revenue from PRC and also has a presence in Malaysia.

Nan Nan Resources Enterprise (HKSE:01229) Headlines

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