Sinomine Resource Group Co (SZSE:002738) Momentum Rank : 8 (As of Jun. 19, 2024)

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What is Sinomine Resource Group Co Momentum Rank?

Sinomine Resource Group Co 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 Sinomine Resource Group Co's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Sinomine Resource Group 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.

Sinomine Resource Group Co's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sinomine Resource Group Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sinomine Resource Group Co's Momentum Rank falls into.

Sinomine Resource Group Co Momentum Rank Related Terms

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Sinomine Resource Group Co (SZSE:002738) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sinomine Resource Group Co Ltd (SZSE:002738) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

11 Changchunqiao Road, Floor 5, Building A, Wanliuyicheng Plaza, Haidian District, Beijing, CHN, 100089

Website

http://www.nfmec.com

Sinomine Resource Group Co Ltd is a mineral exploration engineering technical service company. Its business is divided into various divisions such as Geological Exploration, Mining Investment, International Engineering, and Trading Business. Some of its project profile include Open Pit in Hopewell Chromite Project in Zimbabe, Caofeidian Project of Shougang Group, Sutong Bridge Large Diameter Pile Foundation Project, Backfill Station of Main Orebody of Chambishi Copper Mine Construction Project, and others.

Executives

Zhang Jin Wei	Directors, Directors, and Executives
Wang Zhen Hua	Executives
Jiang Yan Long	Executives
Zhang Xue Shu	Executives
Wang Ping Wei	Directors, executives
Sun Mei Chun	Director
Wei Yun Feng	Director
Wang Fang Miao	Director
Ou Xue Gang	Director
Xiao Xiao Xia	Directors, executives
Huang Ren Jing	Securities Affairs Representative
Chen Hai Zhou	Director
Liu Xin Guo	Director
Lin Fen	Supervisors
Fu Chao Yi	Executives

Sinomine Resource Group Co (SZSE:002738) Headlines

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