Hootech (SZSE:301026) Momentum Rank : 5 (As of Jan. 18, 2025)

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What is Hootech Momentum Rank?

Hootech has the Momentum Rank of 5.

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 Hootech's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Hootech'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.

Hootech's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Hootech's Momentum Rank falls into.

Hootech Momentum Rank Related Terms

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Hootech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hootech Inc (SZSE:301026) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 1, Liujing Road, Economic and Technological Development Zone, Jiangsu Province, Xuzhou City, CHN, 221004

Website

http://www.hootech.com.cn

Hootech Inc is engaged in research and development, production, sales and service of precious metal recycling and related products. The company's business segments are precious metal recycling, precious metal-based new materials, and trading.

Executives

Zhu Feng	Executives
Liu Bi Bo	Director
Lin De Jian	Director
Yu Zhi Hao	Supervisors
Zhu Jin	Supervisors

Hootech Headlines

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