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Hunan Huamin Holdings Co (SZSE:300345) Momentum Rank : 4 (As of May. 28, 2024)


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What is Hunan Huamin Holdings Co Momentum Rank?

Hunan Huamin Holdings Co has the Momentum Rank of 4.

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 Hunan Huamin Holdings Co's Momentum Rank

For the Metal Fabrication subindustry, Hunan Huamin Holdings 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.


Hunan Huamin Holdings Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hunan Huamin Holdings Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hunan Huamin Holdings Co's Momentum Rank falls into.



Hunan Huamin Holdings Co Momentum Rank Related Terms

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Hunan Huamin Holdings Co (SZSE:300345) Business Description

Traded in Other Exchanges
N/A
Address
No. 068 Jinsha West Road, Jinzhou New District, Hunan, Changsha, CHN, 410600
Hunan Huamin Holdings Co Ltd is engaged in provision of high-efficiency ball mill comprehensive energy-saving technology in the mining, cement and thermal power industries; industrial promotion of controlled ion infiltration (PIP) technology. The company produces, processes and sells rinding balls, grinding sections, roller wear-resistant parts and various wear-resistant new materials; production, sales and disassembly of lining plates; research and development, production and sales of polymer materials; research and development of energy-saving technologies for ball mills, among others.
Executives
Chen Ai Wen Independent director
Chen Gui Supervisors
Peng Guo Qun Supervisors
Zhang Li Executives
Zhu Hong Yu Directors, Directors, and Executives
Chen Xin Wen Secretary Dong

Hunan Huamin Holdings Co (SZSE:300345) Headlines

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