Inner Mongolia Yitai Coal Co (Inner Mongolia Yitai Coal Co) Momentum Rank : 1 (As of May. 19, 2024)

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What is Inner Mongolia Yitai Coal Co Momentum Rank?

Inner Mongolia Yitai Coal Co has the Momentum Rank of 1.

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 Inner Mongolia Yitai Coal Co's Momentum Rank

For the Thermal Coal subindustry, Inner Mongolia Yitai Coal Co'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.

Inner Mongolia Yitai Coal Co's Momentum Rank Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Inner Mongolia Yitai Coal Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Inner Mongolia Yitai Coal Co's Momentum Rank falls into.

Inner Mongolia Yitai Coal Co Momentum Rank Related Terms

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Inner Mongolia Yitai Coal Co (Inner Mongolia Yitai Coal Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Inner Mongolia Yitai Coal Co Ltd (OTCPK:IMYBY) » Definitions » Momentum Rank

Traded in Other Exchanges

900948:China

Address

North Tianjiao Road, Yitai Building, Inner Mongolia, Dongsheng District, Ordos, CHN, 017000

Website

http://www.yitaicoal.com

Inner Mongolia Yitai Coal Co Ltd is primarily engaged in coal mining, processing, and distribution, as well as the distribution of petroleum products. The company also provides railway transportation services and road transportation services, as well as a coal-related chemical business, hotel management and pharmaceutical manufacturing. The company directly owns and controls multiple mechanized coal mines and controls three main railways, namely the Zhundong Railway, Huzhun Railway and a special railway line for Suancigou Mine. Thermal coal provided by the company serves as fuel for various industries including thermal power, construction materials and chemicals.

Inner Mongolia Yitai Coal Co (Inner Mongolia Yitai Coal Co) Headlines

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