Xinjiang Hejin Holding Co (SZSE:000633) Momentum Rank : 2 (As of Mar. 24, 2025)

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What is Xinjiang Hejin Holding Co Momentum Rank?

Xinjiang Hejin Holding Co has the Momentum Rank of 2.

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 Xinjiang Hejin Holding Co's Momentum Rank

For the Metal Fabrication subindustry, Xinjiang Hejin Holding 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.

Xinjiang Hejin Holding Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Xinjiang Hejin Holding Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Xinjiang Hejin Holding Co's Momentum Rank falls into.

Xinjiang Hejin Holding Co Momentum Rank Related Terms

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Xinjiang Hejin Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xinjiang Hejin Holding Co Ltd (SZSE:000633) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 2 Hangzhou Avenue, Room 102, Electronic Industrial Park, Beijing Industrial Park, Xinjiang Uygur Autonomous Region, Hetian, CHN, 848099

Website

http://www.xjhjtz.net

Xinjiang Hejin Holding Co Ltd is engaged in the production and sales of nickel-based alloy materials. The company's main products are K-500, 718, R405, and other corrosion-resistant materials and welding materials, electric vacuum materials, electrical resistance materials, spark plug electrodes. Materials, temperature measuring materials, and other related products.

Executives

Wang Jia Fan	Executives
Li You Long	Supervisors
Jiang Jie	Independent director
Feng Jian	Supervisors
Zhang Yu	Director
Wang Jing Jing	Directors, executives
Qu Li	Supervisors
Li Bai Xiao	Director

Xinjiang Hejin Holding Co Headlines

No Headlines