Maanshan Iron And Steel Co (SHSE:600808) Momentum Rank : 5 (As of Apr. 25, 2024)

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What is Maanshan Iron And Steel Co Momentum Rank?

Maanshan Iron And Steel Co 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 Maanshan Iron And Steel Co's Momentum Rank

For the Steel subindustry, Maanshan Iron And Steel 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.

Maanshan Iron And Steel Co's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Maanshan Iron And Steel Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Maanshan Iron And Steel Co's Momentum Rank falls into.

Maanshan Iron And Steel Co Momentum Rank Related Terms

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Maanshan Iron And Steel Co (SHSE:600808) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Maanshan Iron And Steel Co Ltd (SHSE:600808) » Definitions » Momentum Rank

Traded in Other Exchanges

MAANF:USA 00323:Hong Kong YM9A:Germany

Address

No. 8 Jiu Hua Xi Road, Anhui Province, Maanshan, CHN, 243003

Website

https://www.magang.com.hk

Maanshan Iron And Steel Co Ltd produces and sells iron and steel products. It has two segments. Production and sale of iron and steel products and related by-products, and Financial service. The company's principal product is steel, which is categorized into steel plates, section steel, wire rods, and train wheels. Thin plate products are further categorized into hot and rolled plates, galvanized plates, and coil-coating plates. The products in the wire rod category comprise wire rod materials and hot-rolled reinforced steel used in armored concrete. The Train wheel category includes train wheels and wheel rims.

Maanshan Iron And Steel Co (SHSE:600808) Headlines

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