Western Region Gold Co (SHSE:601069) Momentum Rank : 6 (As of Jun. 23, 2024)

View and export this data going back to 2015. Start your Free Trial

What is Western Region Gold Co Momentum Rank?

Western Region Gold Co has the Momentum Rank of 6.

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 Western Region Gold Co's Momentum Rank

For the Gold subindustry, Western Region Gold 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.

Western Region Gold Co's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Western Region Gold Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Western Region Gold Co's Momentum Rank falls into.

Western Region Gold Co Momentum Rank Related Terms

Thank you for viewing the detailed overview of Western Region Gold Co's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Western Region Gold Co (SHSE:601069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Western Region Gold Co Ltd (SHSE:601069) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 501, South Road, Economic and Technological Development Zone, Xinjiang Uygur Autonomous Region, Urumqi, CHN, 834000

Website

http://www.w-r-g.cn

Western Region Gold Co Ltd is engaged in gold mining. The company is also engaged in the iron ore mine and chrome ore mining.

Executives

Sun Jian Hua	senior management
He Jian Zhang	Director
Wang Yong	Supervisors
Duan Wei Dong	Director
Liu Jun	Directors, senior managers
Ding Hong	Supervisors
Liu Chao Hui	senior management
Yu Guo Jun	Director
Tang Xiang Yang	Director
Tang Fang	senior management
Hu Jian Ming	senior management
Zhu Ling Xiao	senior management
Qi Xin Ying	Directors, senior managers

Western Region Gold Co (SHSE:601069) Headlines

No Headlines