Shandong Hontron Aluminum Industry Holding Co (SZSE:002379) Momentum Rank : 3 (As of Jan. 19, 2025)

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What is Shandong Hontron Aluminum Industry Holding Co Momentum Rank?

Shandong Hontron Aluminum Industry Holding Co has the Momentum Rank of 3.

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 Shandong Hontron Aluminum Industry Holding Co's Momentum Rank

For the Aluminum subindustry, Shandong Hontron Aluminum Industry 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.

Shandong Hontron Aluminum Industry Holding Co's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Shandong Hontron Aluminum Industry Holding Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shandong Hontron Aluminum Industry Holding Co's Momentum Rank falls into.

Shandong Hontron Aluminum Industry Holding Co Momentum Rank Related Terms

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Shandong Hontron Aluminum Industry Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Shandong Hontron Aluminum Industry Holding Co Ltd (SZSE:002379) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

East of Xinbo Road and north of No. 3 Trunk Canal Bridge, Boxing County, Economic Development Zone, Binzhou, Shandong, CHN, 256500

Website

http://www.hontron.com

Shandong Hontron Aluminum Industry Holding Co Ltd is engaged in research & development, production and sales of high-precision aluminum plate and strip products.

Executives

Zhao Qian Fang	Director
Wei Qi Liang	Supervisors
Wang Lian Yong	Director, Director, Representative of Securities A
Zhao Jun Xiang	Supervisors
Han Mei Fang	Executives
Li Ping	Supervisors
Liu Qing Bo	Supervisors
Hong Qun Li	Directors, executives
Qiao Xiang Qian	Executives
Mu Yu Shan	Directors, executives
Pang Shu Zheng	Secretary, Director
Guo Mao Qiu	Executives

Shandong Hontron Aluminum Industry Holding Co Headlines

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